The liquidation of a Gisborne forestry contractor has ended with $341,898 recovered from more than $4.5 million reportedly owed to creditors. Stubbs Contractor…
NZ Herald ·
Nearly $4.5 million owed and they only recovered $341k? That's a joke. Hope the creditors get something back but I doubt it.
100% they will. and the liquidators get fees while we get nothing. what a joke
Worked for a forestry contractor in Gisborne a few years back. This doesn't surprise me one bit. dodgy operators everywhere.
mate, they'll be back with a new name and the same dodgy practices.
who even thought giving a contract to a firm named 'Stubbs' was a good idea? lol
facts. seems like the whole industry needs a shake up
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Another local business bites the dust. Meanwhile the big corporates are laughing all the way to the bank. So over this system.
same. my cousin lost his job when that happened. owners just moved to aussie
ffs, we had to write off $50k from a similar liquidation last year. These guys should be banned from ever being directors again.
Can we talk about how Gisborne keeps losing jobs? It's a cycle of one company failing then another pops up but with different company name.
lol cope. its the same story over and over again until someone goes to prison
the forestry industry is a mess mate. get out while you can.
Read the article and still confused how a company can owe that much and barely have any assets. Feels like something dodgy went down.
read the full report. they were paying themselves bonuses while suppliers got stiffed. dirty.
Yeah nah get stuffed. These directors will just start another company next week and do the same thing.
