In this section
Offers for readers
Deep fees list - finance industry cleanup costs
This page is a companion list to our Deep Freeze list of failed financial institutions, our list of Trustees, and our list of Auditors. If you have updates that should be refected on thsi page, please send them to news@interest.co.nz
|
Date
failed |
Institution |
Deposits
at risk $ mil |
Likely
return $ mil |
Receivers |
last report date
|
Receivers costs
$ mil |
Legal costs
$ mil |
as % of likely
return |
|
|
|
|||||||||
|
Mar-06
|
National Fin 2000 |
25.5
|
12.2
|
PWC |
May-09
|
2.232
|
0.268
|
20.5%
|
|
|
Jun-06
|
Provincial Finance |
296.0
|
269.0
|
PWC |
Jun-10
|
3.276
|
na
|
1.1%
|
|
|
Jul-06
|
Western Bay Fin |
48.0
|
39.0
|
Korda Mentha |
Oct-09
|
0.933
|
0.296
|
3.0%
|
|
|
Jul-07
|
Bridgecorp |
458.7
|
59.0
|
PWC |
Mar-09
|
2.530
|
2.883
|
10.6%
|
|
|
Aug-07
|
Nathans Finance |
174.0
|
17.0
|
PWC |
Aug-10
|
1.488
|
1.024
|
14.8%
|
|
|
Aug-07
|
Five Star Cons Fin |
51.1
|
10.0
|
PWC |
Nov-10
|
1.583
|
1.088
|
26.7%
|
|
|
Aug-07
|
property Finance |
170.0
|
17.0
|
Korda Mentha
|
Feb-08
|
0.371
|
0.158
|
3.1%
|
|
|
Sep-07
|
LDC Finance |
19.3
|
19.0
|
PWC |
May-10
|
0.690
|
0.571
|
6.6%
|
|
|
Sep-07
|
Finance & Invmts |
16.0
|
|||||||
|
Oct-07
|
Clegg & Co |
15.1
|
8.0
|
BDO Spicers |
Apr-10
|
0.554
|
0.153
|
8.8%
|
|
|
Nov-07
|
Capital+Merchant |
190.0
|
2.0
|
Grant Thornton |
Jul-10
|
1.589
|
0.468
|
103.0%
|
|
|
Nov-07
|
C+M Bus Inv |
1.5
|
0.0
|
PWC |
Oct-08
|
0.155
|
0.154
|
|
|
|
Dec-07
|
Numeria Finance |
6.7
|
2.8
|
Korda Mentha |
Mar-09
|
0.410
|
0.070
|
17.1%
|
|
|
Apr-08
|
Lombard Finance |
127.0
|
24.0
|
PWC |
Jun-10
|
1.325
|
1.318
|
11.0%
|
|
|
Apr-08
|
Kiwi Finance |
1.7
|
0.3
|
PWC
|
Jun-10
|
0.514
|
0.306
|
273.3%
|
|
|
May-08
|
Fairview / Cymbis |
6.9
|
1.5
|
Deloitte
|
Nov-08
|
|
|
|
|
|
May-08
|
Belgrave |
20.5
|
4.9
|
Korda Mentha
|
Oct-10
|
0.904
|
0.453
|
27.7%
|
|
|
Jun-08
|
Dominion Finance |
224.0
|
23.2
|
Deloitte |
May-10
|
2.048
|
1.153
|
13.8%
|
|
| Aug-08 | Strategic Finance | 391.0 | 46.9 | PWC | Nov-10 | 0.448 | 0.344 | 1.7% | |
|
Aug-08
|
St Kilda |
6.9
|
3.5
|
BDO Spicers |
May-09
|
0.113
|
0.083
|
5.6%
|
|
|
Mar-09
|
Mascot Finance |
69.0
|
69.0 |
Deloitte
|
May-09
|
0.960
|
0.108
|
1.6%
|
|
| Apr-09 | Strata Finance | 0.5 | 0.5 |
McGrath Nicol
|
Jun-10
|
0.030
|
0.007
|
7.4% | |
| Apr-10 | Vision Securities | 28.0 | 28.0 | Deloitte | Jun-10 | ||||
|
May-10
|
Rural Portf Capital |
60.0
|
30.0
|
|
|
|
|
||
| May-10 | Rockforte Finance | 3.2 | 3.2 | Indepth Forensic | Jul-10 | ||||
| May-10 | Viaduct Capital | 7.8 | 2.2 | McDonald Vague | Aug-10 | ||||
| Jul-10 | Mutual Finance | 9.3 | Korda Mentha | Sep-10 | |||||
| Aug-10 | Allied Nationwide Fin | 130.0 | McGrath Nicol | Oct-10 | |||||
| Aug-10 | Sth Canterbury Fin | 1,600.0 | McGrath Nicol | Nov-10 | |||||
|
|
=======
|
=======
|
|
=======
|
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|
||||
| Total this page |
$4,157.7
|
$692.2
|
|
$22.113
|
$10.905
|
6.25%
|
|||
| The full list of finance industry failures is here >>> | |||||||||
This page is a companion list to our Deep Freeze list of failed financial institutions, our list of Trustees, and our list of Auditors. If you have updates that should be refected on thsi page, please send them to news@interest.co.nz