TFW GROUP LIMITED

By on August 10, 2017

TFW GROUP LIMITED status has changed from Registered to In Receivership on the 9 August 2017.

Previously known as :
TRUSS AND FRAME NEW ZEALAND LIMITED From: 26 Mar 2013 To: 14 Apr 2015
TRUSS AND FRAME RANGIORA LIMITED From: 7 Feb 2013 To: 26 Mar 2013
RANGIORA BREW HOUSE LIMITED From: 7 Jun 2006 To: 7 Feb 2013
RANGIORA ALE HOUSE LIMITED From: 3 Apr 2006 To: 7 Jun 2006

Previous Status
Registered From: 3 Apr 2006 To: 9 Aug 2017

*Director/s:
Stephen Gordon GLEN-OSBORNE
69 Jacksons Road Ohoka Kaiapoi 7692 NZ

Administrator Appointed 9 Aug 2017
Colin Anthony Latham GOWER and Andrew James GRACE from BDO CHRISTCHURCH LIMITED
Phone: +64 3 379 5155
Awly Building, Level 4 287 - 293 Durham Street Christchurch 8013 NZ
Email: brischch@bdo.co.nz

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What is Receivership?

Receivership is where a Receiver is appointed by the Court or under a Deed or Agreement to realise the assets or manage the business of a company for the benefit of the secured creditors.
Sometimes secured assets are critical to the operation of the company and trading cannot continue without them. In these situations, liquidation can soon follow.

The Receiverships Act 1993 defines the qualifications of a Receiver who has specific powers which include the right to:

  • Inspect any books or documents relating to the company / property
  • Demand, recover and issue receipts for income of the company / property in receivership
  • Manage, insure, repair and maintain the company / property in receivership

 

What is the difference between receivership and liquidation?

In a Receivership, the assets are realised for the benefit of the one secured creditor who made the appointment of a Receiver whereas in a Liquidation the assets are realised primarily for the benefit of all creditors in order of priority (secured creditors, employees and IRD get their money before others).

Receivership is governed by the Receiverships Act 1993.

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