Smiths City owes creditors approximately $26.9 million

Thursday 9 October 2025 · 2 outlets · 2 reports · updated Thu 9 Oct 2025, 6:50pm

In this story Inland Revenue, Smiths City

Liquidators for the furniture and appliance chain Smiths City report the company owes nearly $26.9 million. The debt includes $10.7 million owed to unsecured trade creditors and $1 million to the IRD. Liquidators do not expect any funds will be available for distribution to unsecured creditors.

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10:46am6:50pm

1. NZ HeraldThu 9 Oct 2025, 10:46am

   Smiths City owes creditors $26.8m, including $1m to IRD, outlook for creditors appears bleak (opens in new tab)

2. StuffThu 9 Oct 2025, 6:50pm

   Smiths city owes creditors $26.9 million, many won’t be paid, liquidators' first report shows (opens in new tab)