Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Carich Training Centre Limited

Carich Training Centre Limited

Effective 29 October 2003 Kerryn Downey and William Black KPMG partners in the advisory firm of KPMG were appointed receivers to Carich Training Centre Limited by the debenture holder at the request of the Company’s directors.

The Company no longer has the funding support of Government and has no other sources of funding to continue trading.

The Directors and senior management of Carich have worked hard to assess the options and find a resolution to the difficulties facing the Company. After considering all available options, the Directors decided that the best interests of all stakeholders will be served by the appointment of Receivers.

The Receivers are currently evaluating the business and operations and are working with representatives of Government, tertiary education industry associations and senior management to seek out potential investors/purchasers of the Company’s business. Pending the outcome of such discussions, the operations of Carich will remain closed until further notice.

At this stage, no information is available on the potential outcome of the receivership or the outcome for the company’s secured and unsecured creditors.

As significant developments occur, we will advise through another statement. This is likely to be mid next week.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news