|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Wednesday, April 21st, 6:39PM


Latest Headlines

LDC related business fails

A finance business related to LDC, Finance and Investments, has gone into receivership.

Thursday, September 6th 2007, 10:04PM
The Nelson-based firm is the fifth finance company to go into receivership in about a fortnight.

The firm, which specialises in car finance, was placed in receivership by its principals Andrew Harding and Murray Scholfield, owing 370 investors $16 million.

The company says following LDC's receivership it "is now no longer able to obtain the funding it requires to continue in business."

PricewaterhouseCoopers partners John Fisk and Malcolm Hollis have been appointed receivers of both LDC and Finance and Investments.

Fisk says, in the Nelson Mail, that Finance and Investments is not a finance company, rather it is a partnership.

« Yellow Pages pulls offer - for nowNZX queries listed structured debt offers »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Today's Best Bank Rates
Rabobank 0.75  
Based on a $50,000 deposit
More Rates »
News Bites
Latest Comments
Subscribe Now

Deposit Rates newsletter

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and