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The latest liquidator’s report on a failed Whanganui meat company has done nothing to reassure farmers who are left tens of thousands of dollars out of pocket.
Waimarie Meats Limited was put into liquidation last May owing unsecured creditors almost $800,000, and an additional $300,000 to the Inland Revenue Department.
The list of unsecured creditors extends to businesses and farmers throughout the lower North Island.
The latest liquidators’ report has confirmed these creditors are unlikely to see any of what they are owed repaid from the company proceeds.
Secured creditors are listed as Kiwibank and weigh tech company ScaleLogic of Whanganui, claiming all “present and after…
