A Christchurch demolition company with big contracts on its books has itself collapsed, owing more than $4.5 million.
CJ Solutions Ltd – which trades as Shilton & Brown Demolition – was put into voluntary liquidation on April 8, according to the Fairfax-owned stuff.co.nz website.
It is believed the company, directed and owned by James Louis Shilton, has contracts around New Zealand – including Queenstown, Auckland and Wellington.
PKF Goldsmith Fox liquidator Gordon Hansen said the debt to creditors would surpass $4.5m, including $535,000 to Inland Revenue.
Unsecured creditors are unlikely to recoup any money.
