PTT Group (In Receivership and In Liquidation) - PwC New Zealand

This website is your primary source of information related to the receiverships and liquidations of PTT Limited (also known as Prosper Through Trading) and other associated entities:

  • PTT Limited (In Liquidation)
  • Maxwell Foster Limited (In Liquidation)
  • Gibson McLeod Limited (In Liquidation)
  • Alba International Limited (In Liquidation)
  • The Steven Robertson Family Trust (In Receivership)
  • Mr Steven Robertson (In Receivership)
  • Ms Lisa Jane Robertson (In Receivership)

Please note that on 10 December 2015 the receivership of Ms Lisa Jane Robertson was concluded.

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PTT Group (In Receivership and In Liquidation) and related entities

C/- PwC

PO Box 243
Wellington

This site will be updated as information becomes available.

We encourage you to visit this site if you have any concerns and/or additional enquiries.

 

Updates:

16 April 2021

PTT Group Companies (In Liquidaton) - Liquidators' eleventh six monthly report

15 January 2021

PTT Group Companies (In Liquidaton) - Liquidators' tenth six monthly report

18 December 2020

On 18 December 2020 the High Court approved the distribution method proposed by the receivers and liquidators. A copy of the Court's decision can be located below. The receivers will take steps to sell the remaining assets which were subject to the Asset Preservation Orders and anticipate being in a position to pay a distribution to creditors  in early 2021. The exact timing and value of the distribution will be confirmed in due course.

High Court Decision Approving Distribution

5/10/2020

Receivers' Tenth Six Monthly Report on the State of Affairs of Steven Robertson and the Trustees in the Steven Robertson Family Trust (the “Trust”)

23 September 2020

The Liquidators and Receivers of the PTT Group have made an application to the High Court to obtain directions for distribution of funds held in the receiverships and liquidations. More information, including a copy of the application, can be found in the below documents.

Letter to creditors giving notice of distribution application

Receivers Directions Application

Liquidators Directions Application

Memorandum of Counsel

Affidavit of John Fisk

Memorandum of Counsel for FMA

Minute of Justice Palmer

6 July 2020         Liquidators' 9th Six Monthly Report
16 April 2020         Receivers' Ninth Six Monthly Report on the State of Affairs of  Steven Robertson
23 January 2020

Liquidators' 8th Six Monthly Report

20 September 2019

Receivers' eighth six monthly report on the State of affairs of Steven Robertson

3 July 2019

Liquidators' seventh six monthly report

25 March 2019

Receivers' seventh six monthly report on the State of affairs of Steven Robertson

14 December 2018

Liquidators six monthly report for the PTT Group of Companies

Receivers six monthly report on the State of Affairs of Steven Robertson

15 December 2017

Liquidators' fourth six monthly report

26 October 2017

 

The Financial Markets Authority (FMA) has today announced that it has filed criminal charges against Steven Robertson in the Auckland District Court under the Crimes Act 1961. In total 47 charges have been brought against Mr Robertson. Mr Robertson’s first appearance is scheduled for 28 November 2017.

The FMA’s full media release can be read at https://fma.govt.nz/news-and-resources/media-releases/fma-files-crimes-act-charges-against-steven-robertson/.

The PTT Group’s assets continue to be subject Asset Protection Orders and continue to be held by the Receivers and Liquidators of the respective entities.

The Receivers and Liquidators will continue to provide updates on the affairs of the PTT Group through statutory reporting.

29 September 2017

Receivers' fourth six monthly report - Mr Robertson and Steve Robertson Family Trust

10 July 2017

Liquidators' third six monthly report

1 May 2017

Receivers' third six monthly report - Mr Robertson and Steve Robertson Family Trust

16 January 2017

Liquidators' second six monthly report

28 September 2016

Receivers' Final Statutory Report on the State of Affairs of PTT Group Companies

Receivers' six monthly report - Mr Robertson and Steve Robertson Family Trust

26 July 2016

Receivers' first six monthly report - Mr Robertson and Steve Robertson Family Trust

14 July 2016

Receivers' first six monthly report

Liquidators' first six monthly report

26 January 2016

The below companies were placed into liquidation by the High Court at Auckland pursuant to section 241(2)(c) of the Companies Act 1993 at 11.56am on 11 December 2015, the Court being satisfied pursuant to s241(2)(4)(d) of the Act that it was just and equitable to put the companies into liquidation. John Fisk and David Bridgman are the appointed joint and several liquidators of the Company.

PTT Limited (In Receivership and In Liquidation) Liquidators' first report

Maxwell Foster Limited (In Receivership and In Liquidation) Liquidators' first report

Gibson McLeod Limited (In Receivership and In Liquidation) Liquidators' first report

Alba International Limited (In Receivership and In Liquidation) Liquidators' first report

8 October 2015

PwC report to the High Court of New Zealand on the Affairs of PTT Limited and Related Entities (In Receivership)

Appendix 2: PTT Group and Related Entities Summary

Appendix 3: Example of PTT Group Contract and Registration Forms

Appendix 6: PTT Group Marketing Brochure

Appendix 7: PTT Group 'Sales Script'

14 August 2015

News release: PwC appointed Receivers and Managers to PTT Limited (In Receivership) and associated entities

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