Browsing: Stuart Shepherd

The Magazine Marketing Company placed into liquidation, creditors claim over $300,000

On 15 October, The High Court at Auckland placed The Magazine Marketing Company (TMMC), which was founded in 2008 by Stuart Shepherd, into liquidation for failing to meet payment obligations, which included overdue GST, PAYE, KiwiSaver employee deductions, KiwiSaver employer contributions, student loan employee deductions and income tax. KPMG, which was appointed as the company’s liquidator, released its first report on 19 November, revealing additional details about the process thus far.