The receivers for failed Timaru lender South Canterbury Finance will wrap up their administration at the end of the month, having clawed back $774.4 million in the two-and-a-half year administration. McGrathNicol’s Kerryn Downey and William Black handed over the remnants of deceased business Allan Hubbard’s empire to Crown Asset Management last year, and remained in office to wind up one …

Jasons Travel Media, which announced the departures of its chief executive and a director in the past two months, is in talks with its banks after breaching lending covenants and forecasting an annual loss. The Auckland-based company is bracing for a pretax loss in the year ending March 31, which will breach its interest cover and debt to earnings before …

Snakk Media, the latest brainchild of Hyperfactory co-founder Derek Handley, accelerated sales in the third quarter and is planning to raise new funds from existing shareholders next month. Sales rose to $1.44 million in the three months ended Dec. 31, from $686,000 a year earlier, the Auckland-based company said in a statement. That exceeds the $1.22 million in revenue the …