Photo: RNZ / Louise Ternouth
A small business which worked on school lunch provider Libelle Group’s production line equipment said it was “blindsided” by the provider going into liquidation.
A report by liquidators’ Robert Campbell and David Webb of Deloitte on Tuesday found Libelle Group owed more than $14 million to 248 creditors.
One of them is the Hamilton company Echo Automation, whose owner Sean Donovan told Checkpoint Libelle Group owed them about $15,000.
“Everything’s pretty tough right now, but it’s just another spanner in the works, isn’t it?” he said.
“If you work that on about a 15 percent return, that’s about $100,000 we’ve got to make before we start making any profit again.”
Donovan said it was a lot of…
