A Christchurch construction company has gone into liquidation, leaving behind significant debt and limited assets.

Select Building Limited, which operated in Canterbury, was placed into liquidation on 3 July by special shareholder resolution. Brenton Hunt of Insolvency Matters Limited has been appointed liquidator.

According to the initial report, the company ceased trading in July 2025 and is insolvent, with estimated debts totalling over $329,000. This includes $210,000 owed to Inland Revenue and staff as preferential creditors, and another $150,000 to unsecured creditors.

The report shows that the company’s remaining assets are minimal. Two vehicles, both under finance, and a small amount of plant and equipment are to be sold. Receivables are listed at just under $28,000.

The company’s sole director and shareholder is Stephen Wayne Brett. He told the liquidator the business ran into difficulty following challenges on recent projects and falling behind on tax obligations. Inland Revenue had already begun legal action before the liquidation was formalised.

The liquidator has confirmed that no meeting of creditors will be held unless requested in writing. Staff were terminated, and all known creditors have been contacted. Investigations into company records, past transactions, and the director’s conduct are underway.

The company was incorporated in 2016 and operated under the name Select Building. It did not trade under any former names or list any associated companies.

The liquidation process is expected to continue for several months. At this stage, the liquidator has indicated it is unlikely unsecured creditors will receive any repayment.

Secured creditors include Harrison Bloy, Fletcher Distribution, Hagley Building Products, and Heartland Bank.

The next report on the company’s affairs will be issued in six months, with final conclusions provided once the liquidation is complete.

Creditors with further information or claims are encouraged to contact the liquidator before 4 August 2025.