Auckland Construction and Electrical Solutions liquidation: NZ$5 million owed after a NZ$7,885 drilling bill
Auckland Construction and Electrical Solutions Limited, an Auckland housing developer, was put into liquidation over an unpaid NZ$7,885 drilling bill and owes NZ$4.98 million to 13 unsecured creditors, who have received nothing, Stuff reported. A new company, Clo Construction, lists its former director as project manager.
Webster Drilling and Exploration finished its job for the company and never got the last NZ$7,885, Stuff reported. Debt collectors got nowhere, so the driller applied to have the company liquidated. Webster's Michelle Hanson told Stuff the firm kept going on principle and could not believe the liquidator's report when it showed debts above NZ$5 million. A project in Tawa, Wellington, led to the liquidation, according to Stuff.
The report lists NZ$4,980,113 owed to 13 unsecured creditors and NZ$141,343 to two secured creditors. The application was filed in the High Court at Auckland in February 2025, and a New Zealand Gazette notice records the company going into liquidation on June 13, 2025, with Grant Bruce Reynolds as liquidator.
Kumar Thuraisingham, the company's sole director and shareholder, blamed economic conditions and a rejected building consent application when it went under, according to the liquidator's report. Stuff understands the consent was for the Tawa project at Wellington City Council. The report says the company, formed in 2015, is involved in several construction contract disputes and that the liquidator tried without success to reach the director. Thuraisingham did not respond to Stuff.
Clo Construction, set up this February, has his wife as its sole director and shareholder. Its website names Thuraisingham as project manager and shows projects that the liquidated company built. The reports do not say whether any money will be recovered for creditors.
Why it matters: Trade creditors stand at the back of the line in a liquidation. Here an NZ$7,885 invoice exposed a NZ$5 million hole, and a related company was trading within a year. Check who owns and runs a client before extending credit on a job.
If this affects you
- Grant Bruce Reynolds of Reynolds & Associates in Botany, Auckland, was appointed liquidator on June 13, 2025, and creditors may direct inquiries to him. gazette.govt.nz
- The liquidation application was filed in the High Court at Auckland on February 5, 2025, under reference CIV-2025-404-254. gazette.govt.nz
- Under the Companies Act 1993, wages and holiday pay owed to employees and some Inland Revenue claims are paid before unsecured creditors. insolvency.govt.nz