Internal scrap puts Wellington Combined Taxis into administration

Internal scrap puts Wellington Combined Taxis into administration
Wellington's oldest taxi company is continuing to trade. (Image: BusinessDesk)
Pattrick Smellie
Wellington Combined Taxis was placed in voluntary administration on Tuesday after its latest financial accounts described a “difficult year” that included public service layoffs and “civil servants working three days per week at home.”However, BDO administrator Iain Shephard said the move's cause, which has not affected day-to-day operations, is legal action launched in mid-2023 by “several shareholders”.This had caused “internal disruption and a large drain on cash”.While the three companies...

More Law & Regulation

Du Val receivers PwC still trying to sell three properties
Property

Du Val receivers PwC still trying to sell three properties

Du Val properties in Waitākere, Henderson, and Māngere are still being marketed by receivers PwC despite an expressions-of-interest campaign that opened in October and closed toward the end of November.On Oct 25, nearly 1ha of land planned to serve as the site for many new homes...

Staff reporters 14 Feb 2025
EPA 'technically insolvent' over $10m govt loan
Law & Regulation

EPA 'technically insolvent' over $10m govt loan

The EPA will repay the loan from fast-track consenting levies charged to applicants.

Greg Hurrell 14 Feb 2025
Former Grant Thornton partner guilty of misconduct
Finance

Former Grant Thornton partner guilty of misconduct

Tribunal decision shows Peter Sherwin failed to disclose potential conflicts. 

Victoria Young 14 Feb 2025
Class action targets ‘ineffective’ cold medicines
Law & Regulation

Class action targets ‘ineffective’ cold medicines

A class action has been filed claiming a pharmaceutical giant sold and marketed in New Zealand cold medicines that did not work.Australia-based JGA Saddler filed a class action against Johnson & Johnson NZ on Thursday over its phenylephrine-based cold medicines tablets and syrups...

Staff reporters 13 Feb 2025