Henderson’s biggest project prior to his latest bankruptcy, which was imposed on 29 November 2010, was a $2b development near the airport in Queenstown carried out under the auspices of his companies Five Mile Holdings Ltd (In Receivership and Liquidation) and Property Ventures Ltd (In Liquidation). Dave Henderson or “Hendo” as the media refer to him, currently resides at Unit 58, The Heritage, 98 Worcester Street, Christchurch with his wife Kristina Louise Buxton according to Companies Office records. Property Ventures Ltd (In liquidation) – Unravelling a complex “single economic unit”Īnthem Vineyards Ltd (previously Anthem Ventures Ltd until 23/05/08 and Gibbston Ventures until 17/12/04), which was incorporated on 27 February 1998, is currently owned by FTG Trustee Services Ltd which is wholly owned by twice-bankrupt Christchurch property developer David Ian Henderson. The liquidator has reported that a proliferation of companies were used by Henderson to “thwart liquidators,” by liberally using cross-guarantees to muddle the affairs of various entities. Failure to provide it in response to a formal request is an offence and if convicted, the director “ is liable to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years” under s. 261 of the Companies Act 1993 to demand financial records, records of company related correspondence etc. Liquidators have a statutory right under s. The task of unravelling the often convoluted network of company subsidiaries and related companies within such a Group can be a daunting one for any Liquidator, as illustrated in the example below – involving ongoing litigation initiated by the Liquidator against David Ian Henderson (and his companies) because he has allegedly failed for some years to provide the required documentation to him the liquidator to complete his statutory duties. One of the tasks of a Liquidator nominated by the Commissioner of Inland Revenue and appointed by the High Court to liquidate a large Group of companies such as PVL, is to try and determine whether or not a director(s) of the Group has committed any offence(s) under the Companies Act 1993, the Insolvency Act 2006, The Securities Act, the Tax Administration Act 1994, or the Financial Reporting Act 1993 etc., and report any breach(es) to the Registrar of Companies. On 9 June 2014 Mr Henderson will be examined as a current bankrupt before the High Court to give account of his various activities while subject to the bankruptcy order (Note: It is unlawful for a current bankrupt to play any role in the management, directing or promoting of a company). David Ian Henderson is a twice bankrupt Christchurch property developer whose Group of companies – Property Ventures Ltd - were placed in liquidation on 27 July 2010.