Southern firms affected by Hawkins liquidation

Southern businesses are affected by the liquidation of construction companies formerly part of the Hawkins Group, but Forsyth Barr Stadium is not one of them.

The stadium was built by Hawkins Construction, and was completed in 2011.

Asked if guarantees or warranties on the work would be affected, Dunedin City Holdings Ltd general manager Jemma Adams said none were affected by the events at subsidiaries of Hawkins Construction.

About 1000 creditors are owed $41million from construction companies formerly part of the group, liquidators say.

In a report covering 10 companies from the group, liquidator BDO outlines a lattice of $400million in related-party lending and $37.5million owed for retention payments or to trade creditors.

A separate report by the same liquidators into related party H Constructions Schools 2 PPP - established to build four schools in Auckland, Queenstown and Christchurch - and H Construction North Island, found unsecured third-party creditors were owed another $3.9million.

Outside related-party loans payable, assets of the group and school-building company amounted to $2.9million.

Liquidators said it was too early to estimate what funds, if any, would be available for unsecured creditors.

Dunedin-listed firms on a list of creditors in the report are A. G. Foley Plumbers, Advanced Building Services, Aotea Electric Auckland, Aotea Security, Milford Holdings, Southern Hospitality Ltd and United Scaffolding Group.

In the wider southern region the creditors are MacKinlay Contracting, in Queenstown, Morgan Engineering and Marine, in Wanaka, Numat Group, in Oamaru, Placemakers Alexandra, R&R Hiab Services Frankton, Classic Interiors Queenstown Ltd, listed at a Gore address, and Insol Ltd and Allied FH Concrete Ltd, in Invercargill.

- Additional reporting by NZME

Add a Comment

 

Advertisement