MarineBusiness-World.com Advertising Info Advertising Info

 
News Home Text Only News Festival of Sails Sydney Hbr Regatta Alinghi - Auction Boat Asia 2012
World Cruising Australian Cruising Boats for Sale FishingBoating-World Powerboat-World

 


Sail-World.com : NZ Superyacht builder in liquidation

NZ Superyacht builder in liquidation

'Vaudrey Miller built Rascal, a 14.8m Roger Hill designed catamaran.'    MIAA
Another casualty of the economic slowdown is NZ's VaudreyMiller Yachts, as shareholders voted to put the company into liquidation following advice from their accountant that it was insolvent.

Reports reveal that VaudreyMiller Yachts owes shareholders $2.9million. Inland Revenue is the company’s biggest creditor – the department is owed $642,000. The liquidator John Buchanan estimates the company has around $200,000 in assets.

The announcement that VaudreyMiller Yachts has gone into liquidation comes just after superyacht producer Sovereign Yachts faced a similar fate. While boat builder Calibre Boats and Genesis Marine have also gone into liquidation.

Sensation Yachts has also had to battle liquidation proceedings this year although these have since been withdrawn.




by Media Services

  

Click on the FB Like link to post this story to your FB wall

http://www.marinebusiness-world.com/index.cfm?nid=58558

12:04 AM Fri 3 Jul 2009 GMT



Click here for printer friendly version
Click here to send us feedback or comments about this story.


 
Our Advertisers are committed to our sport, please support them!
This site and its contents are © Copyright TetraMedia Pty. Ltd and/or the original author, photographer etc. All Rights Reserved.

Photographs are copyright by law. If you wish to use or buy a photograph you must contact the photographer directly (there is a hyperlink in most cases to their website, or do a Google search.) with your request.

Please do not contact Sail-World.com as we cannot give permission for use of other photographer’s images.

Only if the photographer named on the image is Sail-world.com, Powerboat-world.com or Marinebusiness-world.com Contact us .
Ph: +61 2 4977 2116 fax: +61 2 4977 2528 or complete our feedback form    Contact us .
   View our Privacy Policy.    [Go Home]     [  Banner Advertising Specification]    [Bot Archive ]

Customised news feeds -Marine Industry companies, Clubs and Associations have their own customised version of our Sail-World news feed on their website.
Look_here_to_see_examples