Eight companies of a well-known Wellington landlord who owns numerous properties have been placed into interim receivership by the High Court, but he says he is appealing the order.<\/p>\n
Matthew Ryan’s companies have been put into receivership after a property dispute with his former partner, according to the appointed receivers.<\/p>\n
“The purpose of the appointment is to gain control of the companies, their assets and income streams and preserve the assets pending further reporting to the court,” interim receiver Iain Shephard said.<\/p>\n
“Where possible, the receivers will attend to the payment of outstanding trading and tax liabilities of the companies,” he said.<\/p>\n
Ryan said there has “not been a business collapse – the companies are solvent”.<\/p>\n
“This is a simple case of a former partner applying for an ex parte notice on Friday last week.”<\/p>\n
He said he had no knowledge of the application until Monday afternoon.<\/p>\n
“I’m certain the application would have failed if I’d had the opportunity to reply,” he added.<\/p>\n
He said he was appealing the order.<\/p>\n
The companies in receivership are:<\/p>\n
Lifestyle Rental Properties LimitedLifestyle Loans LimitedEastbourne Lifestyle LimitedGods Plan LimitedLifestyle Trading LimitedRandwick Mews LimitedFranklyn Street LimitedPinot Grove Limited<\/p>\n
Ryan has owned more than 100 properties, and regularly spoken to the media about the housing market and property investment.<\/p>\n