Armstrong Downes creditors fire liquidator

The liquidator will also focus on interrelated companies. (Image: ADC)

Wed, 22 Jun 2022

Creditors in failed Wellington construction firm Armstrong Downes Commercial have replaced liquidators Grant Thornton with Auckland-based Waterstone Insolvency.Grant Thornton’s David Ruscoe and Russell Moore were appointed by Tony Doile and Simon Taylor as directors and shareholders in ADC, after the construction firm moved into liquidation on May 2, a victim of fixed contract pricing and building cost escalation.Ruscoe and Moore's first liquidators' report shows the firm, one of the capital’s biggest with about eight buildi...

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