Two southern businesses have been placed in liquidation for appearing to fail to account for taxation.
Invercargill-based building firm L K McCormack was placed in liquidation in the High Court at Invercargill on March 12, owing an estimated $339,000.
That was on the application of the commissioner of Inland Revenue Te Tari Taake and the official assignee was appointed liquidator.
The company — whose sole shareholder and director was listed as Logan Kevin McCormack — had ceased trading, the liquidator’s first report said.
Communication had been established with Mr McCormack to obtain the company’s financial statements and a statement of affairs.
They were investigating whether there were any assets of benefit to creditors, the report said.
Whānau Shearing was placed in liquidation in the High Court at Dunedin on March 12, also on the application of the commissioner and the official assignee was appointed liquidator.
The company — whose sole director and shareholder was listed as Philisea Halliday, of Gore — ceased trading in October 2025 and total claims were estimated at nearly $482,000, the liquidators first report said.
Establishing communication with the director to obtain the company’s financial statements and a statement of affairs was in the works, the report said. — Allied Media