About Principle Insolvency
Who we are
Principle Insolvency is an independent New Zealand insolvency and restructuring practice. We give calm, principled, plain-English help to directors, creditors and advisers, whether a company can be saved or its affairs need to be wound up properly.
Most people we meet are dealing with real pressure and uncertainty. Our role is to bring structure and honesty to a difficult moment, set out the options clearly, and see the work through to a high standard. We are a modern, technology-enabled practice acting for clients throughout New Zealand, and we can meet you in person, by phone or online, wherever you are.
The principle behind the name
What "Principle" stands for
The name reflects how we choose to work. Acting on principle means doing what is right, giving honest and considered advice even when the news is hard to hear, and treating everyone involved with dignity.
The end of a business is, for most directors, a deeply personal event, yet it is also a normal part of commercial life. We approach it that way: without judgement, with respect for the people affected, and with a steady focus on the proper outcome rather than the comfortable one.
We liquidate with mana.
How we work
The values behind every engagement
- Independent and conflict-aware. We are clear about our role and who we act for, and we manage conflicts carefully before accepting an appointment.
- Principal-led. You deal directly with a principal of the firm, not a call centre or a junior handed your file.
- Rigorous and compliant. Engagements are run to the standards the law requires, with proper records and reporting throughout.
- Commercial and practical. We focus on the outcome that genuinely serves your position, and we explain the trade-offs in plain language.
- Confidential. Early conversations are private and without obligation, so you can seek advice before deciding anything.
Our expertise
We thrive on complexity
An eye for detail and a passion for precision. An insolvent business can be like a broken timepiece, with many intricate, moving parts. It takes a practised eye to identify the issues and decide what can be repaired.
We specialise in managing large and complex insolvencies. Our team brings together senior insolvency and accounting experience, supported by trusted legal and other specialists, and works across a wide range of industries. Above all, insolvency is about people in difficult situations, and we are committed to helping directors and business owners close a company with mana, and move forward with greater confidence.
Standards
Licensed and accountable
In New Zealand, insolvency practitioners are licensed under the Insolvency Practitioners Regulation Act 2019. Licences are issued through an accredited body, the New Zealand Institute of Chartered Accountants (NZICA), which is the regulatory arm of Chartered Accountants Australia and New Zealand, with the Restructuring Insolvency & Turnaround Association of New Zealand (RITANZ) acting as the recognised body for the profession.
At Principle Insolvency, appointments are taken by a licensed insolvency practitioner. Kevin Davies is a member of the Restructuring Insolvency & Turnaround Association of New Zealand (RITANZ) and is licensed by Chartered Accountants Australia and New Zealand. The licensing regime exists to protect creditors, directors and the public, and it sits behind the way every engagement is run.
You can confirm a practitioner's current status at any time on the public register maintained by the New Zealand Companies Office.
Search the Insolvency Practitioners Register (opens in a new window)
Our people
The people behind the practice
The firm is led by Kevin Davies, a licensed insolvency practitioner, joined by the experienced Rob Davies as Insolvency Director. They have undertaken hundreds of insolvency assignments, predominantly liquidations. They draw on a number of trusted and highly skilled specialists where a matter calls for it. You can read more about who they are and how to reach them on our people page.
Talk to us in confidence
A short, no-obligation conversation is often the most useful first step. We will tell you honestly whether we can help.