Smiths City collapse

The story so far

Christchurch-based home appliance and furniture retailer Smiths City entered voluntary administration in early September 2025, and all nine of its stores and its online shop were temporarily closed.^{2, 3 Sep 2025} BDO Christchurch was appointed as administrator of the business, and the 107-year-old company's future was uncertain.^{2, 3 Sep 2025} Eight stores reopened temporarily for liquidation sales, with more than 21,000 items offered at discounts while stock lasted.^{5 Sep 2025} Stores in Gore and Greymouth closed after selling out, and the remaining branches were set to close after a final sale on the Sunday.^{12 Sep 2025} Creditors voted on 1 October to place the company into liquidation, having faced claims of more than $25 million. Liquidators later reported debts of nearly $26.9 million, and do not expect any funds will be available for unsecured creditors.^{2, 9 Oct 2025}

Latest

Liquidators report the company owes nearly $26.9 million, including $10.7 million to unsecured trade creditors and $1 million to the IRD.^{9 Oct 2025} Liquidators do not expect any funds will be available for distribution to unsecured creditors.^{9 Oct 2025}

Key moments

1. 2 Sep 2025Smiths City enters voluntary administration; all nine stores and online shop close
2. 5 Sep 2025Eight stores reopen temporarily for liquidation sales with over 21,000 items
3. 12 Sep 2025Gore and Greymouth stores close after selling out of stock
4. 2 Oct 2025Creditors vote to place Smiths City into liquidation
5. 9 Oct 2025Liquidators report debts of nearly $26.9 million; no funds expected for unsecured creditors

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