Aquaplus Irrigation Ltd was placed in liquidation on April 29 after its sole shareholder and director Pieter Nel moved to South Africa.
An auction of remaining company equipment was held on site at the Barry Ave office in Cromwell yesterday.
Auction items included office furniture, irrigation piping and material, a generator, a pipe-threading machine, rain gauges, and a hydraulic pipe-bender.
About 50 people attended the midday auction, at which all lots were sold for the highest price offered.
Liquidator Iain Nellies, of Insolvency Management Ltd, Dunedin, said Aquaplus was a small-scale operation which had employed just a few staff, including Mr Nel's brother.
"It was set up to put in a bit of irrigation around vineyards and things like that, including some consulting. There's a tiny bit of stock left which is all bits and bobs.
"Vehicles have been repossessed," he said.
Mr Nellies said about 20 creditors were owed up to $100,000.
One or two main creditors, as well as those, were owed lesser amounts, including a power company and landlord, he said.
"It was very much a small sort of operation," he said.
Aquaplus was established in May 2007.
Mr Nellies expected the liquidation process to be completed within a few months.
