PHOTO: Nikki Connors is a registered real estate agent and financial adviser. CHRIS MCKEEN/STUFF
According to STUFF Inland Revenue has made applications to put two more businesses linked to Christchurch businesswoman Nikki Connors’ into liquidation, including a property management and furniture pack business.
The application to place Metropolis Property Management Ltd into liquidation was made on April 12, and is due to be heard by the High Court in Christchurch tomorrow.
A separate application by Inland Revenue (IR) was made to place Metropolis Design Ltd into liquidation on May 19, with the application to be heard in September.
Connors, who refers to herself as the queen of New Zealand property, said Propellor Property Investments and other businesses in the Metropolis Group had faced challenging times during the pandemic.
IR also lodged an application to liquidate Connors’ property investment company Propellor Property on May 19, in a move Connors described as “heavy-handed”.
“During this period, I also dealt with health issues which necessitated me handing over some of the day-to-day running of the company to others in the team,” Connors said.
“Similar to other businesses impacted by the pandemic, we entered into an arrangement with the IRD regarding a small amount of tax owed. Unfortunately, without my knowledge payments to the IRD were not kept up and the IRD declined to continue the arrangement.”
She said she had decided to reduce her workload because of her health and would focus on growing Propellor Property Investments.
“We will have the funds available by mid-July at which time any monies owing to the IRD will be paid in full. I started Propellor Property 14 years ago during the global financial crisis and in this time have helped over 1000 Kiwis and their families successfully invest in property. We have never had one complaint and a great number of our investors return to us time and again.
“I am particularly gratified by the messages of support from both strangers and Propellor clients.”
Metropolis Design offers furniture packages, homes staging and interior design consultation.
Metropolis Property Management services include tenant selection, tenancy process, property inspection and maintenance management for investors.
The website for Metropolis Property Management describes the outfit as the sister company to Propellor Property Ltd.
Connors is the principal of both Metropolis Property Management and Metropolis Design Ltd, according to the companies’ websites.
Both companies are owned by Auckland man Nicholas Graham, who also holds just over a two-thirds share of Propellor. Connors owns the remainder.