Liquidation after 'rough few years'
A Waikawa boatyard owner is wrapping up his boat building company after more than 30 years, to concentrate on his boat repairs and maintenance business.
Franklins of Waikawa owner Ian Franklin said on Friday he put his boat building business Ian Franklin Boat Builders into voluntary liquidation on Thursday.
The business had been based in Christchurch until August 2011, when he moved to Waikawa after his home and business were damaged by the Canterbury earthquakes.
Mr Franklin said it had been a "rough few years" following the earthquakes, which caused major disruptions to his Christchurch business.
"After the earthquakes business dried up and the overseas market dried up, it [the Christchurch business] was a big hole," he said.
Business at the Waikawa boatyard, where he provided boat repairs and refurbishments was "good and strong", he said.
"It's always been strong up here. Christchurch pulled it down a bit but it's a good feeling to have everything wrapped up."
Mr Franklin started his boat-building business in Christchurch in 1971, and started up the boat repairs and maintenance business in Waikawa in 1992.
He moved his Christchurch business to Waikawa, on the site which formerly housed Jorgensens Boat Yard, in August 2011, after the Canterbury earthquakes.
Franklins of Waikawa moved to the former Jorgensens site when his lease expired late last year.
Some staff from his Christchurch company had shifted to Blenheim to work at the Waikawa business, he said.
Mr Franklin said the Christchurch business had no outstanding creditors, the lease on the Bromley boat yard had ended and the liquidation was a matter of tying up loose ends.
Insolvency practitioners Colin Gower and Jeffrey Hart of BDO Christchurch have been appointed liquidators.
In August the Environment Court ruled against the Marlborough District Council, which took Mr Franklin to court saying his business had breached its certificate of existing use.
The council has appealed the decision to the High Court.
Although the Waikawa business was strong, he would operate under a cloud while waiting for the court decision, Mr Franklin said.
"It's a major concern. The Environment Court's decision was pretty clear."
- The Marlborough Express