- The Stonewood Homes franchise that was created to salvage the builds and reputation of the brand in Marlborough is going to be placed into liquidation, its director says.
Stonewood Blenheim Region was registered in October last year by director Brent Mettrick, who founded the building company with wife Sue in 1987.
It was set up to complete the homes that were left unfinished by Stonewood Homes Marlborough, an independently-owned franchise that went into liquidation last October with debts of more than $1 million.
The master franchise Stonewood Homes NZ Ltd was concerned about brand damage from the collapse, so a new company was set up to complete the builds, Mettrick said.
* Senior Stonewood Homes figures to come under scrutiny as liquidators move in
* Stonewood Homes collapse is a wake up call for all directors
* Stonewood Homes Marlborough in liquidation, owes more than $1 million