SOCIETY FOR PROMOTION OF COMMUNITY STANDARDS INC.
Christchurch’s Global Developments (Waltham) Ltd has gone into liquidation, having built this block of flats at 60 Waltham Rd for Housing New Zealand.
Another Global Homes company has gone into liquidation, just as it was to complete a $4 million sale to Housing New Zealand (HNZ). [It was put into liquidation on 22/07/15]
See SPCS Analysis of Clancy-directed companies
A building group that has already cost the Christchurch City Council $166,000 owes it another $37,000.
The council last week wrote off $165,831 owed by Global Developments (New Zealand) Ltd (now in liquidation and renamed Derby Grey Ltd) for development contributions on 12 units in Worcester St, Linwood.
Housing New Zealand (HNZ) bought the units last year for $4 million.
Global Developments is part of the Global Homes Group connected to Auckland businessman John Edward Clancy.
English-born John Edward Clancy heads a troubled building group in Christchurch
The council has now liquidated another company in the group. Global Developments 511 Madras Street Ltd was put into liquidation on July 10 by the High Court in Auckland
The company owes the council $35,416 for a building consent and the council spent another $2000 putting the company into liquidation………
In addition, the Companies Office has started an investigation into allegations Global company documents submitted for registration in the Companies office are incorrect.
Under the Companies Act, directors and shareholders must give their correct residential addresses for certain documents.
Clancy appears to have entered the address of his business premises as his residential address. His Auckland accountant, Richard Somerville, who is a director of a trustee company holding shares in the Global group, appears to have done the same.
Somerville said he was vacating his role with the Global group and would be approaching the Companies Office about the alleged irregularities.
Clancy could not be contacted.
A spokesman for the Companies Office said the allegations about the document irregularities made by the Society for the Promotion of Community Standards [“SPCS”] were being investigated.
“Where non-compliance is identified the Companies Office undertakes administrative action to obtain compliance,” he said.
Prosecution would be considered in exceptional cases, the spokesman said.