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

 


PwC appointed Receivers to Mainzeal

PwC appointed Receivers to Mainzeal Property and Construction Limited and associated entities

[6 February 2013]

Colin McCloy and David Bridgman, Partners from PwC, today have been appointed Receivers to Mainzeal Property and Construction Limited and associated entities as a result of a request made by its director to BNZ.

Mainzeal’s Director, Richard Yan advised that following a series of events that had adversely affected the Company’s financial position coupled with a general decline in major commercial construction activity, and in the absence of further shareholder support, the Company could no longer continue trading.

Receiver Colin McCloy says "we are committed to doing the best we can for the suppliers, staff and subcontractors of Mainzeal. We will work closely with all parties involved with Mainzeal contracts to determine the best way forward."

A dedicated page on the PwC website can be found at pwc.co.nz/mainzeal. It will be updated as appropriate.

-End-

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news