A Christchurch hair salon based at Northlands Mall has been placed into liquidation.

Rodney Wayne Northlands officially ceased trading on 10 June 2025, and liquidators Lynda Smart and Derek Ah Sam of Rodgers Reidy were appointed that afternoon following a shareholder resolution.

Other Rodney Wayne stores are not affected.

In a report, the liquidators said the company had been operating as a hair salon since its incorporation in April 2019, but closed due to financial difficulties.

The director cited an economic downturn and ongoing staff turnover as key reasons for the insolvency.

The company is wholly owned by Rodney Wayne Limited and had two directors, Rodney Wayne and Julie Marie Evans.

The liquidators have taken control of the salon’s assets, which will be sold by public auction or private sale.

No outstanding customer payments were owed to the company, and current financial records show no debtor accounts.

Staff were immediately affected, with all employment contracts terminated upon liquidation. Holiday pay claims of about $11,000 remain outstanding, and the liquidators are working to finalise the total owed to former employees.

One secured creditor, Gooder Equipment Co. Ltd, has a registered interest on the Personal Property Securities Register, while Inland Revenue has not yet filed any claims.

Based on current information, the liquidators estimate that there will be no funds available for unsecured creditors unless recovery efforts such as investigations into insolvent transactions or possible breaches of company law uncover further assets or claims.

The company’s most recent financial statements are from March 2024, with a draft version provided for March 2025.

A creditors’ meeting has not been called, but those wishing to request one must contact Rodgers Reidy in writing within 10 working days, outlining reasons and potential agenda items. Creditors also have until 22 July 2025 to lodge claims.