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Twice-liquidated car business Ceramic Pro owes $5m, still appears to be trading
['Jaime Lyth']
BusinessDesk | NZ breaking news and commentary on business, NZX and politics
The 95c Wairau Rd “Ceramic Pro” business appears to have operated under a succession of different registered company names.
(Image: Supplied)“Oh wow, so the new company they started has racked up more debts and gone into liquidation.
Colour me shocked.”
That was a parts supplier’s reaction to discovering a pair of business owners behind Ceramic Pro on the North Shore who owe him thousands had once again gone into voluntary liquidation – without shutting up shop.
The experience of the creditor, who asked for his name not to be used, highlights the issue of phoenix companies in New Zealand, where directors of failed businesses burn the old company, on...