Creditors unlikely to be paid after Hamilton cafe company collapses
Tuesday 13 October 2026 · 2 outlets · 2 reports · updated In this story Inland Revenue, Employment Relations Authority, Official Assignee
Su’s Investment Limited, which operated The Coffee Studio on Barton St, was placed into liquidation by the High Court on 7 September. Liquidators report the company has no funds on hand and is unlikely to pay creditors, including an estimated $154,027 owed to the Inland Revenue Department.
Key facts
5 facts
- Su’s Investment Limited operated The Coffee Studio on Barton St in Hamilton
- The company was placed into liquidation by the High Court on September 7
- Inland Revenue claims total $154,027.43
- Liquidators have found no assets of value and zero funds on hand
- The company was ordered to pay former chef Haochen Guo $29,432
The full story
1 min read · 2 outlets
Creditors of Su’s Investment Limited are unlikely to receive a payout following the company's liquidation. The Hamilton-based company, which operated The Coffee Studio on Barton St, was placed into liquidation by the High Court on September 7.
The liquidation was triggered by an application from the Commissioner of Inland Revenue, which includes claims totalling $154,027.43. This total includes $2,235.87 in liquidation application costs. The Inland Revenue Department is claiming $59,310.22 as a preferential unsecured creditor and $92,481.34 in standard unsecured creditor claims.
Liquidators have identified no assets of value and report that the company holds zero funds on hand. The Insolvency and Trustee Service noted the failure appeared to be due to a “failure to account for taxation”.
The company was previously ordered to pay former chef Haochen Guo $29,432 following an unjustifiable dismissal. An Employment Relations Authority ruling recently allowed Guo to pursue director Shaolan Su personally to recover unpaid funds.
How it developed
- Tue 13 Oct, 11:51amThe Official Assignee has proposed cancelling the creditors' meeting under the Companies Act.
Where reports differ
- One report specifies the breakdown of Inland Revenue claims into preferential and standard unsecured amounts, while the other provides a single total for the claims.
Compiled from reports by Waikato Times and Stuff.