The Liquidators of Global Developments 511 Madras Street Ltd (In Liq) have stated in their first report on the company, filed with the Companies Office on 10 August 2015: “The Liquidators have yet to establish any form of contact with the company director [John Edward Clancy] and therefore hold limited information in relation to the company and its affairs.”
John Edward Clancy – Elusive Company Director
The company which was incorporated on 22 January 2014, was put into Liquidation by an Order of the High Court at Auckland on the 10th day of July 2015 at 10:09 am on the application of the Christchurch City Council. Wayne John Deuchrass and Iain Andrew Nellies of Insolvency Management Limited were appointed Liquidators of the company jointly and severally. John Edward Clancy was the sole director of the liquidated company and it was jointly owned by FJ40 Trustees Ltd and John Clancy (both trustees to the “FJ40 Trust“).
The Liquidator’s Report dated 7 August 2015 states that the company owned a property at 511 Madras Street, Christchurch, which was sold prior to the liquidation. The Liquidators will investigate into the sale of the property and its proceeds thereon.
There are no known secured creditors with a security interest registered on the Personal Property Securities Register. Based on limited information currently available the Liquidators have identified two preferential creditors, owed in total $4,096.91. Four known unsecured creditors have been identified, owed a total of $40,849.95
The Liquidators give notice: “Any creditor who wishes to make a reservation of title claim or claims a security interest against the company assets must inform the Liquidators and provide relevant documentation prior to the 28th of August 2015.”
Full Liquidator’s Report here: