"[2] From 1992 to 1995 he was audited 27 times after claiming a GST refund and the Inland Revenue Department demanded he pay $NZ924,341 in taxes and penalties.
Henderson's company, Property Ventures Limited is undertook a number of developments including the billion dollar new town, Five Mile, in Queenstown.
This failed and the resulting site was known as "Hendo's hole"[4] In November 2007 saw the opening in Christchurch of a new style of hotel named HotelSO.
Applications were made in the High Court at Christchurch on 16 May 2008 to have Mr Henderson's Five Mile Holdings and Property Ventures placed in liquidation.
[5] In early August 2008, the Christchurch City Council held a short-notice urgent meeting about sensitive central city property purchases, then on 8 August 2008 announced that it would buy five of Henderson's properties[6] for approximately $NZ17 million.