The liquidation of a Cromwell company has left the Inland Revenue Department short of about $100,000.
Robert Gibson, of Cromwell, voluntarily placed his company Grape Lyncs Australasia Ltd in liquidation last June, owing creditors a total of $123,000.
Mr Gibson, who is listed on the New Zealand Companies Office database as the sole director and shareholder of Grape Lyncs, owned company assets worth an estimated $12,000 at the time.
His small-scale company was established in 1997 and traded as a supplier of contract labour for orchards and vineyards throughout Central Otago.
It was not operating at the time of liquidation.
A first report by liquidators Iain Nellies and Paul Jenkins stated the IRD was owed $100,000 as the preferential creditor.
Secured creditors were owed a further $6997, and unsecured creditors $16,000, the report stated.
The liquidators' final report stated company assets had been sold for $10,700, more than $5000 of which was used to pay liquidators' fees and disbursements.
The rest was divided between preferred and secured creditors, leaving a deficit of more than $100,000.
When contacted, Mr Nellies said he was not aware of any Central Otago firms or individuals owed money by the company.
Mr Gibson could not be contacted for comment.
