Jersey-registered Pinewood Investments has appointed receivers.
Board cites prudence as one-offs hit bottom line.
New data reveals companies were paid on average 8.3 days late last month.
The company's also seeing effects of industry-wide staffing pressures.
Advisers say the Financial Services Legislation Amendment Bill (FSLAB) levels the playing field, with more transparency on who's paid what.
Proposal to pay cash and other assets to go to court hearing this month.
Phil O'Reilly has strong views on Trump's trade actions. Watch Grant Walker's interview with the former Business NZ head.
The trend is changing New Zealand's investment landscape.
Anne Gibson has thrown her money and management skills in behind DryNZ, a startup using innovative Kiwi technology to sell dried fruit and vegies to the world.
The rise in business to consumer deliveries is causing headaches.