Another two Canterbury building companies have gone into liquidation after accumulating debts. Alpha Construct Ltd owes a combined $867,000 to Inland Revenue (IRD) and creditors, while unrelated company Gellatly Builders Ltd has an estimated total shortfall of about $297,000. Alpha Construct shareholders and directors Keith Carney and Sarah Browne voluntarily put their company into liquidation after seeking professional advice. He found in his first report, released on January 23, the IRD was owed about $200,000 and unsecured creditors about $100,000. "Subject to further verification, the liquidator estimates that there will be no funds available to unsecured creditors.

Source: Otago Daily Times February 02, 2026 16:35 UTC