Christchurch courier placed in liquidation, owes more than $1.2 million

Chris Lynch
Chris Lynch
Aug 13, 2025 |

A Christchurch courier company owing more than $1.2 million has gone into liquidation after being placed under the control of the Official Assignee.

NJ & MS Holdings Limited, trading as Point to Point, was liquidated by order of the Greymouth High Court on 30 June following an application from the Inland Revenue.

The business, based at Johns Road in Northwood, was run by sole director and shareholder Taipua Feast. According to the liquidator, the company collapsed due to excessive overheads, inability to collect debts, lack of working capital, failure to meet tax obligations, economic conditions, the impact of COVID-19, and a breakdown in communications with a client.

The report shows Inland Revenue is owed $586,632, while unsecured creditors are owed a further $632,175. Employee claims total $34,931.

Liquidators say the company’s assets, including vehicles and equipment, have been repossessed by secured creditors. Around $44,645 is currently on hand, with investigations underway into any assets sold at undervalue in the past two years.

Point to Point ceased trading immediately upon liquidation and its employees were terminated. The liquidation is expected to be completed by 15 January 2026.

Chris Lynch
Chris Lynch

Chris Lynch is a journalist, videographer and content producer, broadcasting from his independent news and production company in Christchurch, New Zealand. If you have a news tip or are interested in video content, email [email protected]

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