Level 16
45 Queen Street
Auckland 1010
PO Box 982
Shortland Street
Auckland 1140
+64 9 307 7865
nz@kordamentha.com
kordamentha.com

22 February 2016

MEDIA RELEASE
Stonewood Homes New Zealand Limited and associated companies
Grant Graham and Neale Jackson of KordaMentha have been appointed as receivers to
Stonewood Homes New Zealand Limited, and sister companies Stonewood Homes Limited and
Sterling Homes Limited. The appointment was requested by the companies’ director.
Stonewood Homes New Zealand Limited is the master franchisor for the Stonewood Homes
network. Stonewood Homes Limited holds the Stonewood franchise for Christchurch.
The receivers stress that the receiverships do not affect any of the other independently owned
Stonewood franchises operating throughout New Zealand.
“Having just been appointed, we are working as quickly as possible to establish the companies’
financial position and a path forward for the receiverships. We will communicate with all affected
parties as we work through this process,” Mr Graham said.
ENDS

Enquiries to KordaMentha on 09 307 7865

R:\Rec 3\Stonewood\media\22 February 2016.docx

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