A long-standing Canterbury wholesale plant business which employed 28 staff has been placed into liquidation by shareholder resolution.
In their initial report to creditors and shareholders of Headford Propagators, liquidators Trevor and Emma Laing said the reasons cited included a recent significant reduction in turnover — estimated at more than $400,000 in the last two months — reduced plant sales, loss of regional and local authority sales, transport rate competition and a significant increase in costs.
The business, near Morven, has been supplying plants to the wholesale market since 1994. The majority owners are Grant Hayman, who is also chief executive, and his wife, Robynne.
Waimate Mayor Craig Rowley said it was very…
