Toy store shuts up shop owing $250,000BRADEN FASTIER Auctioneer John Walker with just some of the toys to be auctioned with no reserve at the Toyzone site in Buxton Square, Nelson. Geoff Falloon of Biz Rescue Ltd has been appointed liquidator of Toyzone (NZ) Ltd in Buxton square, which owes $250,310 to creditors. It was a fair conclusion however that Toyzone's unsecured creditors would not get any money back, Falloon said. Twenty-nine unsecured creditors throughout the country are owed $56,319. On the surface, competition from online retailers affected Toyzone's sales, Falloon said.

Source: Stuff December 01, 2017 18:56 UTC