Another finance company falls without warning

By Adam Bennett
The finance company carnage continued today with Nelson-based LDC Finance Ltd being placed in receivership by its trustee, owing 1000 investors almost $20 million.

Perpetual Trust said it had appointed Malcolm Hollis and John Fisk of PricewaterhouseCoopers as receivers on the request of the company’s directors.

It is the eighth finance company to go bust since National Finance 2000 in May last year.

Read more

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s