Tim Archibald had to sell properties in Lyttelton under pressure from creditors. A developer's serious mismanagement of three companies has earned him a four-year ban and a label as a "public risk". The Lyttelton property companies were put into liquidation by Inland Revenue in March 2015 owing creditors about $272,000. Stuff Tim Archibald was connected to a wharf development in Kaikōura in 2007. "I consider Mr Archibald poses a serious risk to the public," he said.

Source: Stuff July 16, 2019 02:03 UTC