{"id":154070,"date":"2025-11-26T04:35:08","date_gmt":"2025-11-26T04:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/154070\/"},"modified":"2025-11-26T04:35:08","modified_gmt":"2025-11-26T04:35:08","slug":"school-uniform-firm-sportclub-collapses-owing-1-5m-to-ird-bnz-nzrl","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/154070\/","title":{"rendered":"School uniform firm Sportclub collapses owing $1.5m to IRD, BNZ, NZRL"},"content":{"rendered":"<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">Liquidators detailed total assets valued at $22,086 at the time of the first report, with $21,192 in vehicles and $894 in cash at the bank. They could not disclose the book value of stock or plant and equipment.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">As for liabilities, preferential and secured creditors are owed an interim total of $828,019.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">Of that figure, $348,574 is owed to Inland Revenue, $189,629 is owed to LC Business Loans, and $285,000 is owed to BNZ.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">A further $3297 is owed to employees in holiday pay, but the amount owed for employees\u2019 wages is unknown at this stage.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">As for unsecured creditors, Inland Revenue is owed a further $16,915, with any penalties or interest not recorded.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">Trade creditors are owed the bulk of unsecured claims, totalling $603,669, with $91,490 owed to customers who have not received stock that has been paid for.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">At this stage, Sportclub owes an estimated $1,540,093 to creditors from all classes.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">The first report details 291 creditors of the company, including AS Colour, Mainfreight, Meridian Energy, New Zealand Rugby League, and 28 schools across the country.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">Khov and Jones said it was too early to estimate a date of completion for the liquidation.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">The Herald has approached Richard Goodall for comment.<\/p>\n<p class=\"sPFaqtujRFrTgah\" style=\"display:none\">Tom Raynel is a multimedia business journalist for the Herald, covering small business, retail and tourism.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Liquidators detailed total assets valued at $22,086 at the time of the first report, with $21,192 in vehicles&hellip;\n","protected":false},"author":2,"featured_media":154071,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[23968,36265,1643,28500,138,42501,17397,40147,1138,2219,24176,8454,12620,296,53687,14731,2739,1132,111,139,69,102415,26692,4410,7493,6327,4062,102414,61,24806,80],"class_list":["post-154070","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-23968","tag-15m","tag-bank","tag-bnz","tag-business","tag-collapses","tag-creditors","tag-estimated","tag-firm","tag-gone","tag-hundreds","tag-including","tag-inland","tag-into","tag-ird","tag-league","tag-liquidation","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-nzrl","tag-owing","tag-provider","tag-revenue","tag-rugby","tag-school","tag-sportclub","tag-to","tag-uniform","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/154070","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=154070"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/154070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/154071"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=154070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=154070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=154070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}