The Star: October 07, 2021

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The Star Thursday October 7 2021 6 NEWS Latest Canterbury news at starnews.co.nz Long list of creditors owed $1.2m by • By Anne Gibson CREDITORS owed $1.2 million by a failed Canterbury housebuilding company have now been named. Insolvency practitioner Murray Allott is liquidating First Design & Build, which previously traded as David Reid Homes Canterbury. First Design is insolvent and last year sold its rights to the David Reid brand, but carried on in the housebuilding sector, Allott noted. Christopher John Swann from Dunedin is First Design’s sole Murray Allott director. He also owns the company along with CIS Nominees, whose address is the same as his. Swann was previously a director of NZX listed cancer diagnostics business, Pacific Edge, which he also chaired but that company said yesterday he had left some years ago. Allott said no houses were under construction at the time First Design & Build failed. Swann was also cited on David Reid’s website as a chartered DEBT: First Design & Build, which previously traded as David Reid Homes Canterbury, is being liquidated. accountant. He is a director of Southern Capital and former chairman of Waitaki District Health Services, which he left two years ago. Allott’s report said First Design, registered in 2012, had accumulated losses of just over $1.2 million. The failure was due to it being funded by so much debt. A creditor issued a statutory demand for an outstanding debt. A compromise proposal was put to creditors to try to avoid liquidation but Allott said creditors had rejected that and he was appointed. Assets are estimated at $38,032 but debts are claimed against those assets. “The company’s fixed assets are subject to encumbrances totalling $1,134,230,” Allott noted. His first liquidator’s report said a search of the Personal Property Securities Register at the time the liquidation started recorded the list of secured creditors. They are PlaceMakers Christchurch, Fisher & Paykel Appliances, Mico New Zealand, the Bank of New Zealand, Ricoh New Zealand, Goldpine Industries, Macready Building Supplies, Harrison Bloy Plumbing & Bathrooms, VFL Securities, Dyers Road Timber, Oakleys Plumbing Supplied, Millbrook Kitchens, Hagley Building Products, Dores for Floors, Prime Joinery and trustees of the Cannington Road Trust. The total owing to secured creditors is $1,290,948. Debts owing to preferential creditors were put at $24,000 but the unsecured creditors is a much longer list and they are owed $781,381. A far longer list of all creditors – secured and unsecured – named a number of state entities and national businesses. Accident Compensation Corporation, Envirowaste Services, NZ Post, Metalcraft Roofing, David Reid Homes, Avon Plastering, Christchurch City Council, Meridian Energy, Simply Wardrobes, Warehouse Stationery, Superloo Sanitation, Sign Network, Waterford Press, Xero, Z Energy and WynnWilliams appeared at the back of Allott’s report. Allott said the company had failed because it had in part relied on debt facilities to fund its activities. Swann told Allott he had sought advice on the company’s financial position after getting the statutory demand for an outstanding debt. HELLO SPRING! WELCOME WARMER WEATHER WITH OUR STOREWIDE SPRING SALE Allessa Sofa with Ottoman WAS $ 3299 ON SALE 4 Drawer – W60 NOW $ 299 Chia Bedroom Range 8 Drawer NOW $ 599 NOW $ 2699 5 Drawer – W80 NOW $ 399 Fairview Corner Recliner Suite WAS $ 2999 NOW $ 2499 Dallas King Bed WAS $ 499 NOW $ 349 Avery Single/Single Bunk Bed WAS $ 649 NOW $ 399 Paris 7 Piece Dining Set – W190 WAS $ 2139 NOW $ 1599 NOW $ 1999 Valletta 6 Piece Outdoor Lounge/LowDining Set WAS $ 2699 Scan to find store 250 Moorhouse Ave, Christchurch 0800 TARGET (0800 827438) targetfurniture.co.nz Offers and product prices advertised here expire 18/10/21. Sale Excludes Accessories.
uilding firm NEW BUILD: First Design & Build sold its rights to the David Reid Homes’ brand last year but carried on building. Swann was quoted on David Reid Homes’ website in 2017, along with general manager Chris Solly, about the post-earthquake recovery in Canterbury. He was then David Reid franchise director and said the team had come out of the Christchurch rebuild phase. In general terms, a lot of the older houses in Christchurch had been demolished and new homes had appeared, Swann and Solly said then. “The earthquake hasn’t changed the style of our homes, but it has changed structural elements . . . in terms of look and feel we are still building the same sorts of houses,” they said at the time. The Canterbury team prided itself on being able to design and build homes that fit perfectly with what their client had asked for, they said. “Dealing with customers on designing their dream home; it’s such a large purchase for anybody, and you’re involved in designing something for them that meets their needs. “To walk them through that process, at the end of the day, the ultimate is delivering a house that exceeds the expectations of our clients,” the pair said then. - NZ Herald Latest Canterbury news at starnews.co.nz • By Fiona Ellis THE CITY council is being accused of penny-pinching in a struggle to make local government more accessible during the pandemic. Halswell-Hornby-Riccarton Community Board member Andrei Moore offered to help the council meet its Zoom costs, which he understood to be $15 a month, after the budget was cited as a reason the council will not allow board staff to record public meetings and post them to its website. Members of the public were prevented from watching the board’s meeting on Tuesday after staff decided they did not have the capacity to add more people to the Zoom meeting, which 14 people attended. Under the Covid-19 restrictions, members of the public are not able to attend board meetings in person. If staff were able to record and upload footage to the council website in the same manner as council meetings, this problem would have been avoided, Moore said. “Public have (on Tuesday) been denied access to a public meeting where public money is spent.” City council head of community support, governance and partnerships John Filsell said recordings are not a service the council provided. “Correspondingly, there is no mandate, budget or other resources to make a recording of the appropriate quality and manage the data recorded to the standard required,” he said. Filsell said transparency was not a problem because the minutes of all public meetings are available on the council website. Moore said minutes gave an insufficient overview of meetings because they did not give detailed descriptions of debates leading up to decisions. “If we’ve got a recorded Zoom meeting, anyone can watch it from home and see what the board do, how we do it, and how NEWS 7 Dust up over community board Zoom meetings Andrei Moore Thursday October 7 2021 The Star we make our decisions.” Board members are allowed to make private meeting recordings to share on noncouncil sites if they have the approval of the board chair. Moore had offered to record meetings himself to make them accessible on Facebook, but board chairman Mike Mora would not grant permission for this. Said Mora: “Everybody that’s on the Mike Mora Zoom meeting has to agree. I’ve had feedback from people that don’t want it to go out.” This included both board members and members of the public, who were worried posting footage to a platform other than the council website could open “a can of worms.” Members of the public who were speaking on controversial local issues would be made vulnerable, he said. “I think people would be reluctant to complain in a recording,” said Mora. End of lease Massive stock clearance 20% oFF • Statues • Indoor & Outdoor Furniture • Handy Crafts & Giftware • Water Fountains• Pottery and more Hands-on fun experiments Exhibition on now 395 Brougham St. Ph 365 3411. Open 7 days: 10.30am-4.30pm Created by Artisans of Florence and NICCOLAI TEKNOART S.N.C. (Firenze) Rolleston Avenue, Christchurch Free entry; donations appreciated www.canterburymuseum.com up to 30 % off Come in and see us today at your local Resene ColorShop! Addington, Ferrymead, Hornby, Lichfield St, Northwood, Rangiora, Shirley, Tower Junction Resene Premium Paints, Primers, Sealers, Wood Stains and Wallpaper plus 25% off Decorating Accessories and Cleaning Products or shop online at shop.resene.co.nz Discounts off the normal retail price until 31 October 2021 at Resene owned ColorShops and participating resellers. Paint offers also available at participating Mitre 10 MEGA/Mitre 10 stores. Valid only with cash/credit card/EFTPOS purchases. Not available in conjunction with account sales, promotional vouchers/coupons or other offers. Excludes trade, ECS, WallPrint, wall decals, Crown products and PaintWise levy.
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The Star: October 07, 2021

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