Total Experience in liquidation

A company which markets vouchers for adventure activities in New Zealand has gone into liquidation, meaning voucher holders will not get the thrills they have paid for.

Liquidator Paul Sargison, of Gerry Rea Partners, said about $250,000 of the Total Experience vouchers were outstanding. The vouchers had an eight-month life and people did not always redeem them.

The vouchers were mostly freedom vouchers, which could be used to book a number of experiences. Voucher holders could no longer use them and become secured creditors of the company.

The liquidator is expected to file a report shortly.

- NZPA