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Liquidators’ First Report
BISHOP INDUSTRIES (WELLINGTON) LIMITED (IN LIQUIDATION)
Introduction On 11 April 2017 at 11.05am, Iain Shephard and Jessica Kellow were appointed liquidators jointly and severally of Bishop Industries (Wellington) Limited by Order of the High Court in Auckland.
We have made the appropriate enquiries and are of the opinion that we are not barred from acting as liquidators under Section 280 of the Companies Act 1993.
Restrictions
The liquidators take no responsibility for any misinformation contained in this report that has been supplied by the Company, its officers or other persons. The report is based upon information available at this date, the liquidators reserve the right to renew, and if necessary, amend the report.
Company Information Company Number: 286628 Date of incorporation: 25 September 1985 Date ceased trading: December 2016 Current Registered address: Level 2, Zephyr House, 82 Willis St, Wellington 6011 Previous Registered address: Level 2, 29 Pitt Street, Auckland 1010 Trading address: Pitt Street, Auckland Type of business: Construction Director: Roy Bishop Shareholders: Roy Bishop
Lochlan Bishop India Bishop Thomas Bishop Spencer Bishop
Related Entities: Bishop Industries (Auckland) Limited (In
Liquidation)
Background Bishop Industries (Wellington) Limited (now In Liquidation) (“the Company”) was involved in the construction section in Wellington. The Company was an offshoot of Bishops Industries (Auckland) Limited (also In Liquidation). We understand that the Company undertook work for the Ministry of Education and latterly on the Transmission Gully Project. The Director advises that the Company geared up to work on Transmission Gully however for reasons unknown to the Director they were removed from the site. The Director contends that he was attempting to source external funding to pay creditors but was unable to do so. The High Court in Wellington appointed liquidators on 11 April 2017.
Proposals for conducting the liquidation The Liquidators are not aware of any physical assets. The Director has advised that there are retention sums owing on one construction contract and potentially monies available on the Transmission Gully contract. To date we have not managed to substantiate any potential claims. The liquidators will conduct an investigation of the Company’s books and records to further establish if there are any potentially voidable transactions that require investigation, and further to ensure that the directors have complied with the duties and obligations imposed on them under the Companies Act 1993. In the event that there are funds available for a distribution, the liquidators will admit creditor claims and make a distribution. The liquidators will then complete a final report and request that the Registrar of Companies remove the Company from the register.
Statement of Position The liquidators have prepared an Estimated Statement of Position of the Company as at the date of liquidation.
Meeting of Creditors After having regard to the assets and liabilities of the Company, the likely result of the liquidation and other relevant matters, the liquidators, in accordance with Section 245 of the Companies Act 1993, have decided to dispense with a meeting of creditors.
A creditor may request, by way of a notice in writing, a meeting of creditors within 10 working days after receiving this notice. In accordance with Section 314 of the Companies Act 1993 a creditor or shareholder may request the liquidator to call a meeting of creditors or shareholders at any time in the course of the liquidation to vote on a proposal that a liquidation committee be appointed to act with the liquidator. This request must be in writing. The liquidator may decline a request by a creditor or a shareholder to call a meeting on the ground that: (a) the request is frivolous or vexatious; or (b) the request was not made in good faith; or (c) the costs of calling the meeting would be out of proportion to the value of the Company’s assets. The decision to decline a request may be reviewed by the Court on the application of any creditor or shareholder.
Creditor’s Claim Form Please find enclosed a creditor’s claim form. Creditors should complete and return this form as soon as practical. Creditors who do not make a claim within this period may be excluded from any distribution that may be made. Should you be of the opinion that you hold a security interest this should be noted where appropriate on the form and advised to us immediately, along with the appropriate supporting documentation.
Estimated Date of Completion It is not practicable to estimate the date of completion of the liquidation at this stage. Should you have any information that you believe would lead to realisations for the benefit of creditors, please set it out in writing, attaching copies of all documentary evidence, and send it to the liquidators. Please note that the liquidators can only act on written information as telephone, or other, conversations will be regarded as hearsay by any court.
Contact Details Contact Person Jessica Kellow
Telephone 04 473 6747 Email [email protected] Postal Address PO Box 11793 Wellington
JESSICA KELLOW Liquidator Dated 6 May 2017
BISHOP INDUSTRIES (WELLINGTON) LIMITED (IN LIQUIDATION) Estimated Statement of Financial Position as at 11 April 2017
Book Estimated
value to realise
(March 2016) $
Assets
Accounts receivable Unknown
Shareholder current account 8,984 Unknown
Advances to related parties 166,078 Unknown
Estimated Funds Available Unknown
(Subject to the costs of liquidation)
Secured Creditors (to be confirmed)
Neil Bryant (GSA) (plus interest) 290,000
Preferential Creditors (to be confirmed)
Inland Revenue (claim not yet received) Unknown
Unsecured Creditors (to be confirmed)
Inland Revenue Unknown
Trade Creditors 1,018,765
Related party loan 24,405
Estimated Shortfall Unknown
(Subject to the costs of liquidation)
The information contained in the Estimated Statement of Position has been supplied by the Company. We have not verified the information supplied. The Estimated Statement of
Financial Position has been prepared for the purpose of liquidation and we do not accept any responsibility on any grounds whatsoever, including liability in negligence, to any party.
NB; the liquidators have not listed all parties with security interests registered
on the basis that there are no assets remaining pursuant to the securities. The debts
to these creditors have been included with the unsecured creditors.
BISHOP INDUSTRIES (WELLINGTON) LIMITED (IN LIQUIDATION)
Schedule of Creditors
Name Address 1 Address 2 Address 3
Accident Compensation Corporation Debt Management Unit P O Box 3248 Wellington
A B Piloting PO Box 14038 Horotiu Waikato
ACC PO Box 3248 Wellington 6140 Always Inn Motel 877 Main Street Roslyn Palmerston North
Andy Bell
Baron Family Trust [email protected]
BD14
Bonder NZ Ltd PO Box 11106 Sockburn Christchurch
Bowers Bros Concrete Ltd 51 Lorne St Morrinsville Brocklesby Plumbing & Gasfitting Ltd 10 Waione St Petone Wellington 5012
Brown Paper Bag PO Box 91198 Victoria St West Auckland
Budget Rent a Car Ltd Private Bag 92809 Penrose Bunnings PO Box 14436 Panmure Auckland 1741
Cablenet 326 Hebden Crescent Keelson Lower Hutt
Capital Fire Extinguishers Ltd 20 Rothwell St Titahi Bay Carters Tyres PO Box 58688 Botany Auckland 2163
Carters - Division Carter Holt Harvey Private Bag 94027 South Auckland Mail centre Manukau 2240
Cavanagh Engineering Pohangaina Valley RD14 Ashhurst
Chain & Rigging Supplies Ltd PO Box 13312 Onehunga Chemsafe Group 12 Cape Hill Road Pukekohe CLH - Construction Labour Hire PO Box 643 Paraparaumu Kapiti Coast 5254
Concrete Doctors Ltd PO Box 24 Otaki Construction Techniques Ltd PO Box 30854 Lower Hutt Crest Clean PO Box 11258 Manners Street Wellington 6142
Crombie Lockwood PO Box 91747 Victoria St West Auckland 1142
Crown on Cintra 3 Whitaker Place Auckland Etech PO Box 831 Palmerston North 4440 Euro Corporation Ltd PO Box 64360 Manukau Auckland 2163
Fairview PO Box 1706 Paraparaumu Beach Paraparaumu 5252
Firth Industries PO Box 4100 Mount Manunganui South
Formply NZ Ltd PO Box 2245 Stoke Nelson 7041
Hireways PN PO Box 523 Palmerston North HTL Hardware Ltd 122a Taradale Road Onekawa Napier
Independent Copier Services PO Box 5303 Palmerston North Inland Revenue PO Box 39050 Wellington Mail Centre Lower Hutt 5045
Inland Revenue PO Box 39050 Wellington Mail Centre Lower Hutt 5045
Kerry Lynch PO Box 1628 Paraparaumu Beach Wellington
Kieran Kelly
Komatsu Australia Pty Ltd [email protected]
LW Electrical PO Box 269 Palmerston North 4440 Machinery Movers Ltd PO Box 23194 Hunters Corner Mainfreight Ltd PO Box 14038 Panmure Manawatu Hydraulics Ltd PO Box 1485 Palmerston North Manawatu Turbos
Max Birt Sawmills Ltd PO Box 120 Pokeno 2440 Mercury Energy Private Bag 92008 Auckland Mail Centre Auckland 1142
MSL PO Box 4555 Manawatu Nauhira Reinforcing Ltd PO Box 62120 Sylvia Park Auckland 1644
NME - Electrical Contractor 8 Victoria St Alicetown Lower Hutt 5010
OBD Consultants PO Box 390 Silverdale OnGas PO Box 486 Waikato Mail Centre Hamilton 3240
Orbit Heavy Haulage Ltd PO Box 31076 Lower Hutt Over & Out Communications PO Box 1786 Palmerston North Central P&J Plastering Contractors Ltd PO Box 312 Waikanae Paper Plus PO Box 97063 Manukau City Auckland 2241 Paraparaumu Doors and Mouldings Ltd 14 Manchester St Paraparaumu 5032 PC Rental [email protected]
Petroleum Logistics [email protected]
Pirtek Wellington Ltd PO Box 204139 Highbrook Manukau 2161
PNCC Private Bag 11034 Manawatu Mail Centre Palmerston North 4442
Porter Group PO Box 10164 Hamilton 3241 Precision Hire Ltd PO Box 100450 NSMC Auckland 0745/0632
PTS Logistics Ltd PO Box 950 Palmerston North Rainey Law PO Box 1648 Shortland St Auckland 1140
Royal Wolf 2-8 Jarvis Way Auckland 2013 Scafit PO Box 211 Palmerston North Scie Construction Ltd [email protected]
Select Electrical and Security 25 Montgomery Cres Maoribank Upper Hutt 5018
Servcorp Level 27, PWC Tower 188 Quay St Auckland
SignPlus 8 Panorama Grove Harbour View Lower Hutt 5016
Site Safe NZ Inc PO Box 9445 Marion Square Wellington 6141
Smith Piling 10 Taonui Street Palmerston North 4410 Soco 471 Tremain Avenue Palmerston North Sonoco New Zealand Ltd 106 Henderson Valley Rd Henderson Steel North Shore 84 Diana Drive Glenfield Auckland 0627
STL Linehaul Ltd PO Box 16412 Hornby Christchurch
Supagas 141 Roscommon Road Manukau Superloo PO Box 97729 Manukau Auckland 2241
Synergy Positioning Systems Ltd PO Box 100450 North Shore Mail Centre Auckland 0745
T&T Electrical PO Box 4486 Palmerston North The Drug Detection Agency [email protected]
Thomas Dewar PO Box 31240 Lower Hutt
Tinakori Flooring Commercial Ltd 4 Makaro St Elsdon Porirua
Tinakori Flooring Commercial Ltd c/- Carlile Dowling Lawyers Private Bag 6021 Napier 4142
Troughton Contracting Ltd 1108 Hauraki Road RD14 Paeroa
Vodafone [email protected] Vonder Accountants Ltd Level 1, 245 High St Lower Hutt Wellington
W H Lawton
Wellington Scaffolding Services PO Box 6368 Marion Square Wellington 6141
Westland Workgear [email protected]
