Windflow runs out of time, money

Tue, 24 Dec 2019

Pioneering engineering business Windflow Technology is to be liquidated after running out of time and money to develop new markets for its two-bladed wind turbines.Shareholders last week voted to liquidate the Christchurch-based company and clear its remaining debts. Three of the firm’s six staff will remain employed by liquidators PricewaterhouseCoopers to ensure an orderly wind-down of its affairs.“It is expected that the company will be able to satisfy the liabilities of company creditors,” liquidators Malcolm Hollis and Wendy Somerville sai...

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