AUCKLAND-BASED children’s retailer Pumpkin Patch, which has a store in Mackay, has gone into voluntary administration.
The company’s 2016 full year commentary report states Pumpkin Patch reported a net after tax loss of $15.5 million for the year to July 31, 2016 compared to a loss of $9.1 million the previous financial year.
Other media report McGrathNicol’s Andrew Grenfell and Conor McElhinney have been appointed as administrators and KordaMentha’s Neale Jackson and Brendon Gibson have been named receivers.
“Despite considerable efforts by the board and its management team, it has become evident that no solution is available to the company, at this time, to address the current over-leveraged and significantly capital constrained po…
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