Failed Stroud Homes franchisee took customer money to repay debt
The Pōkeno/Pukekohe franchisee had several live contracts when it failed in February, and may have traded while insolvent.
Stroud Homes Pōkeno director Michael Wilson (left) and the chief executive of the franchise, James Stroud (right).
A Stroud Homes building franchisee, which left several customers in the lurch when it failed in February, was taking deposits from its customers to pay off existing debt, the latest liquidators report shows.
Stroud Homes Pōkeno/Pukekohe, which was registered as M W Residential, was placed into
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