Wanaka resort financed by SCF in receivership
Companies associated with Oakridge Resort in Wanaka are now being managed by a receiver.
The financier is South Canterbury Finance.
The Southland Times reported yesterday that the companies placed in receivership are Nord Ltd, Oakridge Resort Ltd, Oakridge Resort Holding Ltd, Oakridge Land Holdings Ltd, Oakridge Pool and Spa Resort Ltd and Northern Link Developments Ltd.
The receiver is Gordon Hansen of PKF Goldsmith Fox.
South Canterbury Finance last month reported a $69 million loss, its first bottom-line loss since 1934.
In July, the Timaru-based finance company said there would be $58m of provisions for bad debts in the year to June 30.
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Comments and questions2
Is Oakridge one of the new one's that's popped up near the base of the Cardrona access road?
No, it is on the outskirts of Wanaka township on the right side as you head out the Cardrona Valley road to the Cardrona skifield.
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