Wellington’s Habitual Fix on Featherston St has been placed into liquidation after a significant drop in turnover after November’s earthquakes. The Government’s business support package was not applicable as it is not within cordoned-off quake-damaged areas of the capital city.
Sizzlepop Ltd operated as Habitual Fix in the CBD, selling food to office workers. The first report by liquidators Shephard Dunphy, appointed on December 12, said the business had noted a recent downturn in sales but the November earthquakes and subsequent office building closures "had a significant negative impact on the turnover and viability of the business".
The 67 Featherston St location is close to the 15-storey Asteron Centre, which had housed about 2500 staff, but all its tenants were all now evacuated. Sizzlepop had about $3136 in funds and the book value of its fixed assets was $58,050 but the cost of realising those assets was undisclosed. Subject to confirmation, the business owes $343 to secured creditors, $20,000 to Inland Revenue and $128,493 to unsecured creditors, $105,938 of that owed to the shareholders’ current account.
