• Up to $1 million will be spent investigating the activities of Stonewood Homes companies before the Christchurch building firm’s collapse.

Holmfirth Group Limited entered liquidation in March, while subsidiary companies Stonewood Homes Limited and Stonewood Homes New Zealand Limited followed in April.

The companies were placed into receivership in February.

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JOHN KIRK-ANDERSON/FAIRFAX NZ
Stonewood Homes founder Brent Mettrick is just one of numerous former directors and managers whose actions will be probed by liquidators.