Liquidation
Appointment
Franklins Plumbers & Builders
Supplies Limited (In Liquidation) (''the Company'') was placed into liquidation
on 5 August 2024 at 8:00am by a special resolution of shareholders pursuant to Section 241(2)(a) of the Companies Act 1993 (“the Act”).
Raymond Paul Cox (Registration Number IP94) Gareth Russel Hoole (Registration Number IP26), and Clive Robert Bish (Registration Number IP64)
Chartered Accountants and Licensed Insolvency Practitioners were appointed joint and several liquidators of the Company at that time (“the Liquidators”).
Why did Franklins go into liquidation?
After 69 years of providing premium bathroomware and plumbing supplies, Franklins has faced significant challenges due to the hanging landscape of the building industry and the current state of the economy. The Company’s shareholders made the very difficult decision to liquidate the Company to preserve its existing value rather than see it dissipate in the future.
What does liquidation mean for Franklins?
The principal duty of the Liquidators to take possession of, protect, realise, and distribute the assets, or the proceeds of the realisation of the assets, of the company to its creditors in accordance with the Companies Act.
The Liquidators are considering several options including a sale of the business and assets of the Company to potential interested parties and or a managed winding up of the business and sale of stock at discounted prices.
Is Franklins still trading during liquidation?
Yes, the Liquidators are continuing to trade the business operations of the Company and will be continuing to fulfil orders and sell stock subject to availability. Orders can therefore still be placed with us.
Order Status and Delivery
Will my current order still be fulfilled?
Yes, subject to stock availability, your current order will be fulfilled. The Company’s customer Services team will continue working through the orders and will be in contact with you in due course.
When can I expect delivery of my order?
We are aiming to have your orders picked and packed in 5 days. From there they will be ready to be collected or sent out for delivery.
Refunds and Returns
Can I get a refund for my recent purchase?
The liquidators cannot offer refunds.
Are there any changes to the return policy?
Yes, we are no longer accepting returns or providing refunds.
Warranties and Guarantees
Are warranties on products still valid?
No, warranties on products are no longer valid. Future sales of products do not come with a warranty.
Customer Support
Who can I contact for customer service?
Our customer service team is still available for now. You can reach them at:
- Email: customerservice@franklins.co.nz
- Phone: 09 303 1839
Will there be support available for technical issues or product inquiries?
Yes, the customer service team is available to help with technical issues and product inquiries.
Sales and Discounts
Are there any sales or discounts on remaining stock?
Yes, we are offering sales on our remaining stock. Stay updated by signing up for our email updates and following us on social media.
Can I negotiate prices on the remaining inventory?
Yes, especially for bulk orders. Please contact customer services with your requirements. This will be presented to the liquidators for price negotiation and sign off.
Future of the Brand
Is Franklins being taken over by another company?
There are no confirmations yet. Interested parties should contact the liquidators.
Liquidation Process
Who are the liquidators?
The liquidators are Ecovis KGA Chartered Accountants.
How do I contact them?
You can reach them by email at businessrecovery@ecoviskga.co.nz.