On 16 October 2015 at 8:30am, Iain Shephard and Jessica Kellow were appointed liquidators jointly and severally of Bruce Buchanan Limited by special resolution signed by the shareholders.
We have made the appropriate enquiries and are of the opinion that we are not barred from acting as liquidators under Section 280 of the Companies Act 1993.
The liquidators take no responsibility for any misinformation contained in this report that has been supplied by the Company, its officers or other persons. The report is based upon information available at this date, the liquidators reserve the right to renew, and if necessary, amend the report.
Company Number:
Date of incorporation:
Date ceased trading:
Current Registered address:
Trading address:
Type of business:
Director(s)
Shareholder(s):
16636
7 September 1964
13 October 2015
Level 1, 50 Customhouse Quay, Wellington
Buchanan Place, Masterton
Civil & General Contractors
Wayne Buchanan
Wayne Buchanan
Karen Buchanan
Tararua Trustees (2011) Limited
Independent Professional Trustees (2014)
Limited

The business and assets (save for one major contract) were sold to Fulton Hogan prior to liquidation. The proceeds of the sale were used to settle secured bank and machinery finance debt, as well as meet employee entitlements.
Following the sale it became clear that even with the realisation of residual assets, there was likely to be a shortfall to unsecured creditors.
Following the receipt of professional advice, the shareholders resolved to place the company into liquidation.
The liquidators will complete the final matters regarding the sale of the assets in respect of the stock reconciliations. The accounts receivable and retentions outstanding did not form part of the sale of the assets and to this end the liquidators will collect these in the ordinary course.
The recoverability of the monies due in respect of the shareholders current accounts and the related party advances are yet to be determined by the liquidators.
The liquidators will conduct an investigation of the Company’s books and records to further establish if there are any potentially voidable transactions that require investigation, and further to ensure that the directors have complied with the duties and obligations imposed on them under the Companies Act 1993.
The liquidators will admit creditor claims and make a distribution. It is important that you submit your claim to the liquidators as soon as possible.
The liquidators will then complete a final report and request that the Registrar of Companies remove the Company from the register.
The liquidators have prepared an Estimated Statement of Position of the Company as at the date of liquidation and it follows at the end of this report.
After having regard to the assets and liabilities of the Company, the likely result of the liquidation and other relevant matters, the liquidators, in accordance with Section 245 of the
Companies Act 1993, have decided to dispense with a meeting of creditors.
A creditor may request, by way of a notice in writing, a meeting of creditors within 10 working days after receiving this notice.
In accordance with Section 314 of the Companies Act 1993 a creditor or shareholder may request the liquidator to call a meeting of creditors or shareholders at any time in the course

of the liquidation to vote on a proposal that a liquidation committee be appointed to act with the liquidator. This request must be in writing.
The liquidator may decline a request by a creditor or a shareholder to call a meeting on the ground that:
(a) the request is frivolous or vexatious; or
(b) the request was not made in good faith; or
(c) the costs of calling the meeting would be out of proportion to the value of the Company’s assets.
The decision to decline a request may be reviewed by the Court on the application of any creditor or shareholder.
Please find enclosed a creditor’s claim form. Creditors should complete and return this form to the above address on or before 18 December 2015.Creditors who do not make a claim within this period may be excluded from the distribution.
Should you be of the opinion that you hold a security interest this should be noted where appropriate on the form and advised to us immediately, along with the appropriate supporting documentation.
It is not practicable to estimate the date of completion of the liquidation at this stage.
Should you have any information that you believe would lead to realisations for the benefit of creditors, please set it out in writing, attaching copies of all documentary evidence, and send it to the liquidators. Please note that the liquidators can only act on written information as telephone, or other, conversations will be regarded as hearsay by any court.
Contact Person
Telephone
Email
Postal Address
Iain Shephard
04 473 6747 iain@sd.co.nz
PO Box 11793
Wellington
IAIN SHEPHARD
Liquidator
Dated 19 October 2015

BRUCE BUCHANAN LIMITED (IN LIQUIDATION)
Estimated Statement of Financial Position as at 16 October 2015
Assets
Cash on hand
Accounts receivable
Retentions
Stock on hand
Shareholder current accounts
Related party advances
Book value ($)
868,339
245,300
299,515
815,738
237,687
Estimated Funds Available
(Subject to the costs of liquidation)
Preferential Creditors (to be confirmed)
Inland Revenue
Unsecured Creditors (to be confirmed)
Trade Creditors
Estimated Shortfall
1,425,429
Unknown
(Subject to the costs of liquidation)
Notes;
1. The accounts receivable collection has been discounted to allow for a substantial uncollectable debt and also valid creditor offsets.
2. The liquidators expect that the retentions will be collected in the normal course and have allowed for an industry standard deduction
3. The stock on hand is aggregate stock that is subject to final reconciliations pursuant to the sale and purchase agreement
4. The liquidators have not yet determined the collectability of the current accounts
5. The liquidators have not yet determined the collectability of the related party advances
Estimated
to realise
($) Notes
13,641
480,000
200,000
250,000
Unknown
Unknown
Unknown
1
2
3
4
5
55,252
The information contained in the Estimated Statement of Position has been supplied by the
Company. We have not verified the information supplied. The Estimated Statement of
Financial Position has been prepared for the purpose of liquidation and we do not accept any responsibility on any grounds whatsoever, including liability in negligence, to any party.

BRUCE BUCHANAN LIMITED (IN LIQUIDATION)
Schedule of Creditors
Name
A & G Price
Aardvark Concrete Services
Accident Compensation Corporation
Accurate Instruments Limited
Advanced Engineering Group
Advanced Machinery
Airtel Limited
Allied Concrete
ANZ Business Card
AP1 Metrology
Auto Electrical Services (Wai)
Aviation Ground Services NZ Lt
Aviation Security Service
BDO Wellington Ltd
Beca Ltd
Blackwoods Protector
BR Satherley Transport Limited
Brake & Transmission Limited
Bridon NZ Limited
Bunnings Ltd
Cable Price Equipment
Chemsafety
Chevron New Zealand
Chorus NZ Limited
Christchurch City Council
City Care Limited
Coastal Fasteners Limited
Commercial Hire NZ Ltd
Concrete Doctors Ltd
Container Co.
Corys Electrical
Crushing & Mining Supplies (NZ
D. A. McGovern Limited
Dewtec Limited
Diesel & Turbo (SMS)
Downer NZ Limited
Enterprise Recruitment Chch
Equip2 Ltd
Erecta Fence
Fagan Motors Limited
Farmlands Fuel
Address 1
Private Bag
PO Box 51-237
Debt Management Unit
PO Box 25-586
PO Box 19915
6 Makaro Street
PO Box 384
PO Box 155
PO Box 372
21 Bently Street
PO Box 21038
PO Box 2165
PO Box 10340
PO Box 13960
Private Bag 92232
PO Box 3132
Private Bag 93529
PO Box 14-422
PO Box 14436
PO Box 2229
PO Box 8141
PO Box 3221
PO Box 6640
PO Box 237
PO Box 7669
PO Box 54046
PO Box 55
PO Box 24
PO Box 97045
PO Box 4641
17 Rawhiti Avenue
Kaka Amu Road
PO Box 4571
PO Box 38-670
PO Box 50465
PO Box 13733
PO Box 905
Matarawa
PO Box 118
PO Box 607
Address 2
Thames
Tawa
P O Box 3248
St Heliers
Christchurch
Porirua
Masterton 5840
Masterton 5840
Palmerston North 4440
Masterton 5810
Kilbirnie
Wellington
Wellington 6143
Christchurch 8141
Auckland
Hawkes Bay Mail Centre
Takapuna
Panmure
Panmure
Hastings 4153
Christchurch
Wellington
Wellesley Street
Christchurch Mail Centre
Christchurch 8240
Mana
Mosgiel 9053
Otaki 5542
Manukau City
Christchurch
Matamata
RD 11
Palmerston North
Petone
Porirua 5240
Christchurch
Masterton
RD 1
Masterton 5840
Dunedin 9054
Address 3
Wellington
Wellington
Auckland
Wellington
Auckland 0740
Auckland 1741
Auckland
Auckland 1141
Porirua 5247
Auckland
Masterton 5811
Wellington 5012
Carterton 5791

Firewatch Wairarapa Tararua Lt
Firth Industries
Freeman Media Ltd
Fuji Xerox NZ Ltd
Global Plus
Gorrie Conveyer Trucks
Gough Group Ltd
Gough, Gough & Hamer Ltd
Grays Contracting Ltd
Greater Wellington Regional Co
Green Acres
Guthrie Bowron
Hammond Crane & Cartage Ltd
Higgins Concrete Limited
Higgins Contractors Wai. Ltd
Hiremax Limited
Hirepool Limited
Hireways Ltd
Hiway Stabilizers NZ Limited
Holcim Aggregates
Hynds Pipe Systems Ltd
IDEAL Electrical Suppliers
Inland Revenue
Innes Dean Tararua Law Ltd
Intergroup Ltd
Jeff Wilkins Electrical
Jet Vac NZ Ltd
Kennards Hire NZ Ltd
Kevin Bartlett Concrete Services
Leasing Solutions Limited
Lee Malneek Limited
Life Care Consultants Ltd
Lincoln Mobile Engineering Ltd
Loadrite New Zealand Ltd
M.A.T.S. Limited
Mainline Track Ltd
Mana Bearing Supplies
Masefield Diesel 2010 Ltd
McKenzie's Electrical
MDC - Invoices
Milli R Trust
Multispares NZ Limited
NZ Motor Industry Training Org
Ohnyx IT Solutions Ltd
P.J. Warren Earthmoving
Paul Smith Earthmoving Ltd
Phibra 1 Ltd
Piling Drilling Services Ltd
PO Box 707
PO Box 20038
PO Box 24349
17 Hargreaves Street
Masterton 5840
Bishopdale
Manners Street
Ponsonby
PO Box 2644 Wellington
595 Whitemans Valley Road Upper Hutt 5371
PO Box 16168
PO Box 16-168
Park Road
PO Box 11646
PO Box 694
Hornby
Hornby
RD 2
Wellington
Masterton
5 Hope Street
113 Gemstone Drive
PO Box 193
Private Bag 11411
PO Box 905
PO Box 12048
PO Box 523
PO Box 225
PO Box 6040
PO Box 58-142
PO Box 13832
Masterton 5810
Birchville
Masterton 5840
Palmerston North
Masterton 5840
Penrose
Palmerston North
Silverdale
Upper Riccarton
Greenmount, Manukau
Onehunga 1643
PO Box 39010
PO Box 157
PO Box 58 087
PO Box 127
PO Box 50354
PO Box 58978
183 Grey Street
PO Box 68 542
109 Jellicoe Street
PO Box 9301
Wellington
Pahiatua
Botany
Greytown
Porirua
Botany
Palmerston North
Newton
Martinborough
Waikato Mail Centre
PO Box 11
PO Box 3448
PO box 37-231
PO Box 3237
PO Box 50-593
Featherston
Richmond 7050
Stokes Valley
Richmond
Porirua
PO Box 40081
PO Box 141
PO Box 444
Upper Hutt 5140
Carterton 5743
Masteron 5840
C/- Scottish Pacific Finance PO Box 106047
PO Box 31295 Lower Hutt 5040
PO Box 10803 The Terrace
PO Box 142
State Highway 53
Masterton 5840
RD 1
56 Greywacke Road
PO Box 125
PO Box 238
Harewood 8051
Clevedon
Paraparaumu
Manukau 2163
Wellington
Auckland 2163
Auckland 1145
Hamilton
Lower Hutt 5141
Nelson 7050
Auckland 1143
Wellington 6143
Featherston
Auckland
Christchurch 8543
Wellington
Auckland
Christchurch
Christchurch
Carterton
Upper Hutt 5018
Auckland 1642
Auckland
Christchurch
Auckland

Porter Hire
Powerpac
Prenter's Aggregates Ltd
Prenters Readymix Concrete Ltd
Provincial Insurance Brokers
Real Steel Limited
Recruitment Vision NZ Ltd
Regal Haulage NZ Ltd
Remap Limited
Rigg Zschokke Limited
RTL
Saecoprecision Bearings & Tran
Smart Precast Concrete Ltd
Southeys Group Limited
Stella Enterprises (2011) Ltd
Stihl Shop Masterton
Supercheap Auto
T & T Landfills Ltd
Taueru Lime Limited
Tech 5
The Isaac Construction Co Ltd
Tiny Mighty Power
Tokomaru Quarry
Traffic R Us Ltd
Trenchmate Ltd
Truck Stops (NZ) Limited
Trust Power Limited
Tulloch Farm Machines
Tumu Timbers Building Centre
United Steel Limited
Vac-U-Digga NZ
Vehicle Testing NZ Limited
Wairarapa Wheely Bins Ltd
Warren Hoy Ltd
Waste Management
Wellington Masonary Ltd
Wellington Regional Council
Yellow Pages Group Limited
Ziggys Masterton Glass Co. Ltd
PO Box 10164
PO Box 50-522
PO Box 139
PO Box 139
PO Box 829
PO Box 40160
Hamilton
Porirua 5240
Dannevirke 4942
Dannevirke 4942
Masterton
Upper Hutt 5140
Unit 7e, 5-7 Gibbons Street Upper Hutt
651 Airport Road RD 3
T/A Masterton Mitre 10 PO Box 765
PO Box 248
PO Box 13351
Masterton 5840
Johnsonville
PO Box 22256
PO Box 20-305
842 Old North Road
PO Box 9249
PO Box 769
Otahuhu
Bishopdale
RD 2, Waimaku
Christchurch
Masterton 5840
South Auckland Mail
Centre
Wellington
RD 9
PO Box 97059
289 Happy Valley Road
Katatane
14 Nyoli Street
PO Box 20 001
PO Box 873
11 Peach Grove
PO Box 20493
PO Box 272-1300
Private Bag 11027
Private Bag 12023
PO Box 20038
PO Box 11126
Christchurch
Christchurch
Cambridge 3450
Taupo
Bishopdale
Papakura 2244
Palmerston North
Tauranga Mail Centre
Masterton 5840
Hastings 4158
PO Box 38-426
PO Box 849
PO Box 10-057
PO Box 317
PO Box 31-110
PO Box 38383
6 Fire Station Lane
PO Box 11-646
PO Box 17345
119 Lincoln Road
Petone
Rangiora
Wellington
Masterton
Lower Hutt 5040
Wellington Mail Centre
Trentham
Wellington 6142
Greenlane
Masterton 5810
Wellington 5018
Hamilton 3283
Masterton 5840
Wellington 6440
Auckland
Christchurch
Auckland
Auckland 2241
Masterton
Christchurch
Auckland
Tauranga 3143
Lower Hutt
Christchurch
Lower Hutt
Upper Hutt 5018
Auckland