South Australian early childhood education and care (ECEC) Precious Cargo has been wound up with liquidator’s appointing Heard Phillips Lieberenz to manage the business until new buyers are found.
Precious Cargo was founded in 2006 by Cheryl Shigrov and operates seven ECEC centres across the Adelaide metropolitan area that offer a Montessori program to children aged 0 to 5 years old.
A recent filing with ASIC confirms the development, with members resolving to wind up the company and appointing James Stuart McPherson liquidator.
Liquidator appointments usually occur at the end result of an extended period of time during which the company has found it increasingly difficult to meet its external debt related obligations…
