Tyremax is listed as having rights to all present and after acquired personal property, making it the highest-ranking secured creditor.
At this stage, the only preferential claim relates to the Inland Revenue Department (IRD), which is owed $64,319 for claims of GST, PAYE and other penalties and interest.
A further $13,957 is owed to the IRD under an unsecured claim, taking the total owed to the IRD at present to $78,276.
Another $43,500 is owed to suppliers and other creditors, including Tyremax and Tyres Direct, taking the current total owed to creditors of all classes to $121,776.
Reynolds said it was unknown whether any dividends would be paid to creditors, nor the estimated time for the liquidation to be completed.
As for the Thames store itself, Reynolds told the Herald it was sold to a new owner prior to his appointment roughly one month ago.
The new owner of the Thames store, as well as an employee of the Pukekohe location, confirmed that Bunce was now working at the Pukekohe store.
However, the company which owned the Orizen Tyres store in Pukekohe was also recently in liquidation.
Orizen Tyres Pukekohe had its liquidation wrapped up on February 24, with creditors left out of pocket for $139,819.70.
It was owned by Roy and Elizabeth Rhodin, with Roy Rhodin the sole director.
BDO liquidators Paul Manning and Thomas Rodewald said in their final liquidators’ report that the business and its assets had been sold to a new owner, although it is unclear if Bunce has become the new owner.
When contacted by the Herald, Bunce declined to comment.
There are nine Orizen Tyre stores throughout the country, which are operated under a licensee model.
Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
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