ADMINISTRATORS of struggling macadamia processing and sales company Macaz will seek offers from interested buyers next week after investigations revealed mounting debt, poor management and legal challenges.
Condon Associates Group managing principal Schon Condon said he wants to sell the company as a whole rather than auction off equipment to save jobs and business opportunities in the Lismore area.
Mr Condon has been running Macaz in a “limited capacity since December 8 but the Alstonville-based company could not afford to pay staff and “some day to day expenses after January 5, a report for creditors showed.
Workers were owed and paid wages when Mr Condon took over but more than $70,000 in holiday pay, long service leave and superannua…
Read the full article at: https://www.northernstar.com.au/news/last-hope-for-debt-ridden-macadamia-company/3138305/
