{"id":484941,"date":"2026-06-19T05:44:10","date_gmt":"2026-06-19T05:44:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/484941\/"},"modified":"2026-06-19T05:44:10","modified_gmt":"2026-06-19T05:44:10","slug":"burger-burger-continues-trading-after-receivership-as-rescue-plan-begins","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/484941\/","title":{"rendered":"Burger Burger continues trading after receivership as rescue plan begins"},"content":{"rendered":"

Yesterday, the Herald revealed the burger chain\u2019s holding company, BurgerBurger Holdings, had been placed into receivership<\/a>.<\/p>\n

Waterstone\u2019s Adam Botterill and Damien Grant were appointed receivers of that business on Wednesday by Beach Road Holdings.<\/p>\n

BurgerBurger Holdings (in receivership) is the shareholder of the two businesses that are in administration.<\/p>\n

The holding company has 11 shareholders, the largest of which is SMB Investment Trustee \u2013 Gilmour and Stephen Buckley\u2019s trustee business \u2013 which has a 57.95% stake. Other large shareholders include Morrow 1 Limited Partnership, which has 17.04% and Adrian Chilton with 13.83%.<\/p>\n

The chain has stores in Ponsonby, Commercial Bay, Torbay, Takapuna (currently closed and being refitted), Hamilton and Tauranga.<\/p>\n

Hoole acknowledged BurgerBurger Holdings had been put into receivership by a landlord of the Torbay store.<\/p>\n

\u201cBut the trading company and the IP company are now in administration, under my control with Ray Cox,\u201d Hoole said.<\/p>\n

\u201cThe administrators intend to continue to trade the businesses with a view to putting together a rescue package which will allow the businesses to continue in the future or seek a buyer,\u201d Hoole said.<\/p>\n

The voluntary administration regime was aimed at rehabilitation, not closure of a business, he said.<\/p>\n

\"MimiMimi Gilmour of Burger Burger. Photo \/ Babiche Martens<\/p>\n

The first report on the administration, detailing how much is owed and what assets the businesses have, would not be released for about a fortnight, he said.<\/p>\n

\u201cOur focus is to keep the staff, suppliers and landlords informed so we can keep trading while we work out a rescue plan or seek out a buyer for the business,\u201d he said.<\/p>\n

\u201cClosure of the stores would be a last resort,\u201d Hoole added.<\/p>\n

\u201cThe administration is focused on saving businesses rather than an immediate closure,\u201d he said.<\/p>\n

Hoole\u2019s goal was particularly to attempt to preserve jobs, because the company employs about 80 staff, he said.<\/p>\n

He hopes customers will keep returning to the five stores that are open.<\/p>\n

\"WaterstoneWaterstone Insolvency principal Damien Grant.<\/p>\n

\u201cI\u2019m calling on all the Burger Burger customers to make efforts to keep this business alive.<\/p>\n

\u201cWe want to try to save jobs. It has been profitable. It makes money, but it had got itself into some difficulties because the sector is very challenging right now,\u201d he said.<\/p>\n

The first receiver\u2019s report is due in August.<\/p>\n

Damien Grant, one of the Waterstone receivers, acknowledged that the trading company could continue.<\/p>\n

\u201cI\u2019m going to pop down to Burger Burger at Commercial Bay and I hope to see Gareth flipping the burgers. <\/p>\n

\u201cI\u2019m sure under his management, the burgers will get five stars,\u201d Grant said.<\/p>\n

Anne Gibson<\/a> has been the Herald\u2019s property editor for 26 years, written books and covered property extensively here and overseas.<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Yesterday, the Herald revealed the burger chain\u2019s holding company, BurgerBurger Holdings, had been placed into receivership. Waterstone\u2019s Adam…\n","protected":false},"author":2,"featured_media":484942,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,806,51,11154,36595,138,19271,32294,803,13982,55471,3012,6121,2514,232,111,139,529,69,17177,83685,34751,2170,2171,10903,19341,26820,8527,11590,312,243359,780],"class_list":["post-484941","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-after","tag-as","tag-auckland","tag-begins","tag-burger","tag-business","tag-chain","tag-charge","tag-continue","tag-continues","tag-fulltime","tag-hopes","tag-insolvency","tag-island","tag-jobs","tag-new-zealand","tag-newzealand","tag-north","tag-nz","tag-operating","tag-outlets","tag-parttime","tag-plan","tag-plans","tag-popular","tag-practitioner","tag-receivership","tag-rescue","tag-save","tag-says","tag-sixstore","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/484941","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=484941"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/484941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/484942"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=484941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=484941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=484941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}