www.groupone.co.nz has been asked to explain whether a company called Quinspread Technologies (NZ) Ltd still exists, as it was mentioned on the original website. This company’s shareholders were parties associated with Gavin Wealleans, Grant McComb, Gordon Findlay and Dr Bert Quin. The intention was to promote the use of technology to crush granular urea on board the spreading truck and apply the crushed product as a thick fluid after mixing with water. While the technology improved the efficiency of urea very significantly, the high cost of the equipment, narrow spreading swath and resulting high spreading costs meant that the company struggled to make progress.
The company went into voluntary liquidation in 2011; the liquidator is John Whitfield. The company has no debts. The company’s assets were acquired by an entity whose shareholders are parties associated with Gavin Wealleans, Grant McComb and Gordon Findlay. The liquidator has advised that Quinspread Technologies (NZ) Ltd has not been deregistered purely because legal action being taken by these parties regarding patents applied for by parties associated with FPA Ltd and Brett Emeny requires the existence of Quinspread as a company. Dr Quin has no involvement in this action.