Auckland road builder goes under
An Auckland roading company has gone into receivership, despite its managing director pledging to repay thousands owed to small Southland businesses.
The Southland Times reported last month that Blacktop Construction's road resealing projects in Southland had left a trail of unpaid accounts.
It had used local suppliers when completing roadworks for the Southland District Council, but large debts accumulated.
At the time one Blacktop director, Simon Everett, told Fairfax that although it was behind in payments to creditors, it was committed to paying them.
A Southland hospitality business confirmed yesterday that Blacktop did make contact to arrange a part payment on a debt worth tens of thousands, but the money did not arrive.
"I have received nothing," said the company owner, who did not wish to be named. The business owner has since passed the debt onto a collection agency.
The company is involved in roading projects throughout New Zealand and the Pacific region.
Andrew Bethell, James Greenway and Brian Mayo-Smith of BDO were appointed as receivers on September 4.
Mayo-Smith said they were appointed by the Blacktop's largest creditor, its bank.
"We are assessing the current financial situation, but it's really too early to say anything further," said Mayo-Smith.
A media report in Fiji, where Blacktop was working on a contract for the Fiji Roads Authority, said receivers had 10 days to confirm whether the project could continue and that Fijian creditors were protected.
Blacktop is a family owned company and its directors are listed as Petah Dransfield, Benjamin Everett and Simon Everett, all of Auckland.
Nobody from Blacktop could be reached for comment.
Blacktop had been trading since 1977.
The Southland Times