Distressedsales.co.nz has been launched to help Kiwi companies deal with the fallout from the global recession.
It is designed to be the one-stop online marketplace for all sales forced on the corporate vendor, whether through company liquidations, receiverships, repossessions, asset disposal, or simply overstocked or surplus goods. Mortgagee property sales will also be a key offering of the site in all sectors of commercial and residential.
Distressedsales.co.nz will also handle listings for debt purchasing and for businesses looking for investors to help them over the hump. As well, it is a resource centre with access to professional advice, web links and information.
Dave Macfarlane and Jodie Tipping, who have combined their entrepreneurial skills to conceive the new website, saw an opportunity to help out businesses under financial pressure by setting up the website and linking them with potential investors, purchases and advisors online.
Dave Macfarlane believes the site will soon become an excellent hunting ground for private buyers as well. “We didn’t set out with this in mind, but it’s clearly going to provide access to products that wouldn’t otherwise be widely offered in the public domain,” says Dave.
To get the site up and running, the team has contacted insolvency specialists and company accountants across New Zealand.
“They are telling us that distressedsales.co.nz has come along at just the right time. Most specialist accountancy firms have their ‘hospital wing’ full of sick or dying companies. They need a place to market the recoverable assets in a professional and profitable manner.”
Dave says the appeal of the site to liquidators and receivers is its wide reach.
“Potential buyers can view the offerings from anywhere in the world. How else could this be possible, other than on the Web?”
“There is also opportunity to list businesses and assets for sale prior to any formal insolvency proceedings thereby maximising sale value.”