Netball Mainland is the latest organization to be hit by the coronavirus, going into voluntary liquidation.
Spokesperson Darren Wright said the ongoing effects of COVID-19 have placed too much financial pressure on them.
"There has been a massive amount of work by the Netball Mainland board and staff to get the organisation into a positive position in 2020 however with the financial impact of COVID-19 Netball Mainland could not continue," he said in a statement.
"It was a very difficult decision for Netball Mainland but after undertaking a thorough review of its financial position and regrettably with there being no certainty as to when both community and high performance games will resume, the difficult decision has been made to liquidate."
Netball New Zealand chief executive Jennie Wyllie said this decision shows just how big of an impact COVID-19 is having on sport in New Zealand.
"Our hearts go out to the Mainland Board and their staff, Netball NZ will now work through a process of how the ongoing management and servicing of the game will work," she said.
"These are challenging times and businesses are having to re-think their structures for both now and the future. We know our netball centres are well placed to maintain our community game and we will be working with them to ensure the future of local netball."
A liquidator will be appointed to work with all relevant authorities to address Netball Mainland's winding up. Netball Mainland will be contacting all customers and suppliers about that appointment in the coming days.