Eleven companies owned by Campbell Park owner Charles Tompkins have been placed in liquidation, including three associated with the historic Waitaki Valley property.
The liquidator is Gordon Hansen, of Goldsmith Fox GJC in Christchurch, but neither he nor Mr Tompkins could be contacted for comment yesterday by the Otago Daily Times.
Mr Tompkins, formerly from the United States, had his address listed in Kerikeri, but no phone contact was found.
The companies have been placed in voluntary liquidation from April 1 either by Mr Tompkins as sole shareholder and director, or by holding companies he owns.
A first report from the liquidator said all 11 companies' creditors can expect to be repaid in full. The companies have total net assets of $6,674,688 compared with net liabilities of $4,609,015, leaving a net excess of assets over liabilities of $2,065,673.
The three Campbell Park companies involved are Campbell Park Ltd ($492,059 net liability), Campbell Park International Ltd (zero assets-liabilities) and Campbell Park Corporation ($3,541,354 liability).
The other eight companies are Hard Rock Ltd ($4,879,313 net assets), Dunmore Delane Ltd ($222,837 assets), Edenbridge Enterprises Ltd ($731,638 assets), Watergate Drop Ltd ($355,559 assets), Melpak Industries Ltd ($485,341 assets), Hector Holdings Ltd (zero assets-liabilities), Hector Finance Ltd (zero) and Hector Farms Ltd ($575,602 net liabilities).
The liquidator's report said that, subject to being notified of any claims from unrecorded creditors, it was intended to distribute assets to known creditors and shareholders.
About six months from the date of liquidation, a final liquidator's report would be filed for each company. No meetings were planned with any creditors.
It was not known yesterday what would happen to Campbell Park. In 2011, with a rateable value of $3.3 million, it was put on the market, did not sell and was withdrawn.
The 231ha property was bought by Mr Tompkins in 1988, after the Ministry of Education closed the special school for boys which was there from 1908.
There is the historic estate and many period support buildings, in a park-like setting.
This includes the 35-room limestone baronial mansion (often referred to as a castle), historic stables and a large restored villa.
Surrounding the homestead are a 200-seat restaurant, a theatre and accommodation, including four dormitories capable of accommodating 300 people.
There are six classrooms, a library, arts and crafts rooms, a technology centre, a well-equipped sports centre, covered swimming pool, indoor gym, tennis courts and sports fields, extensive equestrian facilities and a 1.5km grass airstrip.
The second part is 32 homes in a village setting, including 10 three-bedroom villas, five 1940s hardwood three-bedroom homes, four Oamaru stone three-bedroom homes, 13 brick homes, as well as a 230sq m clubhouse. The final part is 204.4ha of farmland.
