Inland Revenue has filed an application with the High Court to liquidate Pauanui Lakes Resort due to unpaid tax.

The application  to liquidate the three main registered companies that operate the resort: Pauanui Lakes Properties, Lakes Resort Golf and Country Club, and Lakes Resort Villas will be heard on February 27.

Shareholder Trevor Toohill told the New Zealand Herald that the unpaid tax was “not a great deal of money.”

When NBR contacted the resort's financier, Cynotech, staff member Wayne Hawkins confirmed the resort was in financial difficulty.

“They are in trouble. How much, I cannot say,” Mr Hawkins says.

Inland Revenue also refused to comment.