{"id":106308,"date":"2025-10-29T02:50:07","date_gmt":"2025-10-29T02:50:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/106308\/"},"modified":"2025-10-29T02:50:07","modified_gmt":"2025-10-29T02:50:07","slug":"aucklands-red-beach-loses-dominos-pizza-store-to-liquidation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/106308\/","title":{"rendered":"Auckland\u2019s Red Beach loses Domino\u2019s Pizza store to liquidation"},"content":{"rendered":"<p class=\"qtLpbIHvhN\" style=\"display:none\">A statement of affairs lists Inland Revenue as the only creditor, owed $37,000.<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">The liquidators said directors advised there are no material unsecured creditors, however, they said they are aware there may be other creditor claims against the company.<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">\u201cThe assets of the company (and premises) were leased from Domino\u2019s,\u201d liquidators said.<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">\u201cBased on the reported assets of the company we do not anticipate a distribution to any class of creditor.\u201d<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">Companies Office records show Jaspreet Singh Minhas and Kulwinder Singh are directors of Red Pepper Pizza Limited.<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">Singh owns the majority of the company with a 65% shareholding, while Minhas owns 35% of shares.<\/p>\n<p class=\"qtLpbIHvhN\" style=\"display:none\">According to the Domino\u2019s website, franchisees pay a royalty fee of 7% of gross sales every month and each outlet is required to contribute a maximum of 6% of sales towards national advertising. <\/p>\n<p>Listen and subscribe to the <a href=\"https:\/\/www.iheart.com\/podcast\/1049-today-in-business-287718209\/\" rel=\"nofollow noopener\" target=\"_blank\">Today in Business<\/a> podcast \u2013 the top headlines from the NZ Herald business team summarised and delivered by an AI voice as an easily digestible recap.<\/p>\n","protected":false},"excerpt":{"rendered":"A statement of affairs lists Inland Revenue as the only creditor, owed $37,000. The liquidators said directors advised&hellip;\n","protected":false},"author":2,"featured_media":106309,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,3952,7972,138,5201,76689,22220,296,2739,11517,111,139,69,26203,15406,2735,61],"class_list":{"0":"post-106308","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-after","9":"tag-aucklands","10":"tag-beach","11":"tag-business","12":"tag-closed","13":"tag-dominos","14":"tag-going","15":"tag-into","16":"tag-liquidation","17":"tag-loses","18":"tag-new-zealand","19":"tag-newzealand","20":"tag-nz","21":"tag-pizza","22":"tag-red","23":"tag-store","24":"tag-to"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/106308","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=106308"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/106308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/106309"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=106308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=106308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=106308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}