Inland Revenue liquidates another Bernard Whimp-linked entity, says it owes more than $1.5m in taxes

Monday, 13 July 2026

Chance Voight’s Bernard Whimp says claims against one of his entities liquidated by Inland Revenue are “absolutely fake”.

Inland Revenue has gone where the Financial Markets Authority has not yet, and successfully liquidated one of the Chance Voight entities linked to Rangiora businessman Bernard Whimp.

CVI Management Services Limited Partnership (CVIMSLP) entered liquidation on July 2. Court documents show it owes Inland Revenue more than $1.5 million, mostly in unpaid GST.

The company was among 31 entities the Financial Markets Authority wanted to liquidate as part of wider action against Chance Voight Investments, which took about $45m from investors. It was not one of the six companies placed in interim liquidation by the authority last year, and on which an application arguing “material insolven[cy]” was heard by the High Court last month.

CVI Management Services Limited Partnership was evicted from its premises on Cone St, Rangiora, last month over unpaid rent.

But it was the entity that was evicted from its Rangiora premises in April over unpaid rent and, according to the PwC interim liquidator’s report into the original six Chance Voight Investments companies, was paid more than $9m in management fees by the group’s parent, Chance Voight Investments Corporation Ltd (CVICL).

“The amount paid [from April 1, 2024 to September 30, 2025] represents approximately 24% of the total third-party investor funds at September 2025,” the report says.

“Very little detail regarding the composition or basis of the management fee amounts is held in the CVICL entity records. We understand CVIMSLP employed most, if not all, of the staff involved in CVICL and wider group activities. We consider that further investigation is required into the basis for the management fees and application of the investor funds paid to CVIMSLP.”

Whimp confirmed to The Press that the limited partnership (CVIMSLP) was the primary operating body of the Chance Voight group. The figure was more like $12m, he said, but had been mischaracterised by the liquidators.

“They’re not management fees. They’ve never been management fees. It’s the actual operating and building costs of building the Chance Voight group. Fees implies that someone got a profit or a margin, but no-one did. It was just that LP built and managed the … group. And so what it got was cost reimbursement for actual expenses.”

The Financial Markets Authority and liquidators knew this, Whimp claimed. “[The limited partnership] was not a conduit for money to be paid to other people. That never happened. They know that that hasn’t happened. They’ve done enough work to know that there’s nothing wrong with it.”

His antagonists take a different view. According to the interim liquidator’s report, the Chance Voight group was “materially insolvent”. It recorded a net deficit of $11.8m and a consolidated loss of $5.5m for the six months to September 2025 and “extensive activity related to the director’s personal interests [was] evident”.

“A substantial level of activity and use of investor funds, including via advances to related entities outside the group, appears to be related to the personal interests of the director and his family.”

The court has reserved its decision on the liquidation application for the original six companies, although Whimp was in little doubt they would join CVIMSLP. “Those companies will end up in liquidation,” he said. “Well, I feel fairly certain they will. And when that happens, we will say what we’re going to do about it.”

He declined to elaborate.