UFL Group has since worked on spaces including Jarden House Lobby in Commercial Bay, and the Taranaki Base Hospital Renal Unit, according to its website.
UFL Group (under the business name Weather Clearing) was placed into liquidation on April 8, 2026, by a special resolution of its shareholders.
PKF Corporate Recovery & Insolvency’s Christopher McCullagh and Stephen Lawrence were appointed joint liquidators.
The company had two shareholders according to the New Zealand Companies Office, UFL Holdings (which held near 100%) and the company’s sole director, Madeleine Reesby, the wife of Raymond.
According to the liquidators’ first report, the company operated from a rented premises in Auckland’s Avondale.
Based on conversations with the director Reesby, the liquidators said the company experienced a decline in sales as a result of the prevailing economic conditions, resulting in insufficient revenue to cover its overheads.
As a result, shareholders elected to place the company into liquidation to conduct its orderly wind-up.
Reesby has been approached for comment.
UFL Group began as Nova Interiors, one of New Zealand’s formative modernist designed furniture providers. Photo / Instagram
Two parties have registered security interests over the company, Shann NZ and Securities Administration 2016.
Securities Administration 2016 has a general security agreement (GSA) over the company’s fixed assets, of which the value was withheld, and the company’s intellectual property valued at $305,000.
The company does have an assigned commercial loan due to Securities Administration 2016 of $50,180.
As for assets available for preferential creditors, $42,016 is listed by liquidators, including accounts receivable and deposits paid to suppliers. An amount of stock is also held for preferential creditors, although the value has been withheld.
Preferential creditor claims include $14,589 owed to employees for salary and holiday pay, with another $51,790 owed to the Inland Revenue Department (IRD), totalling $66,379.
The bulk of money owed by UFL Group is to unsecured creditors, with $270,712 owed in accounts payable and a further $25,412 owed to employees for salary and pay in lieu of notice.
Another $144,849 is owed in prepayments from customers.
However, the largest amount owed is for loans to related parties, with liquidators identifying $1,139,853 owed, taking the total owed to unsecured creditors to $1,580,826.
The company has 60 listed creditors, including the Accident Compensation Corporation (ACC), the Ministry of Primary Industries, New Zealand Customs, One New Zealand, Z Energy and several corporate and furniture-related clients.
McCullagh and Lawrence gave a tentative completion date of December 2026 for the liquidation, although they noted it was rare for liquidations to be completed within six months.
The company posted on its Instagram page in March advertising an extensive warehouse sale prior to liquidation.
Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.
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