TOA Architects enters liquidation after High Court rejects adjournment bid
Prestigious Auckland architecture firm TOA Architects has been pushed into liquidation by Inland Revenue over a $1.5 million tax debt.
TOA Architects, a multi-award-winning Auckland design firm, has entered liquidation following a High Court hearing this week where the company's bid for an adjournment was rejected. Inland Revenue initiated the liquidation action over an estimated $1.5 million debt that the company could not pay. The firm's founder and director attributed the collapse to the Government's cancellation of the $15 billion Auckland light rail project, saying it had a profound impact on the business.
Covered byNZ HeraldBusinessDeskNot covered byRNZStuff1NewsNewstalk ZBOtago Daily TimesNewsroomThe Spinoffinterest.co.nz
Coverage across the news outlets we track, as at publication.
What outlets are saying
NZ Herald
Property Insider: Inland Revenue applies to liquidate multi-award-winning TOA Architects
High Court hearing set for this week. Design work includes Taumata o Kupe, Pt Chevalier.
BusinessDesk
TOA Architects tipped into liquidation over $1.5m owed to IRD
Prestigious Auckland architecture firm TOA Architects has been tipped into liquidation by Inland Revenue over debts of $1.5 million. The company's founder and director blamed the collapse on the Government’s cancellation of the $15 billion Auckland light rail project, telling…
NZ Herald
TOA Architects in liquidation after High Court rejects bid for adjournment
IRD was surprised to be told the company could not pay its estimated $1.5m debt.