PANDEMIC costs and the high price of cattle have been named as key impacts leading to the placing of prominent live cattle exporters the North Australia Cattle Company, and its southern counterpart, into voluntary administration.
The company, once the live export logistics business of Elders, has accumulated debts owed to trade creditors of approximately $3.6 million.
Western Australia’s Jimmy Trpcevski and Melissa Lau have been appointed as voluntary administrators on behalf of insolvency company Jirsch Sutherland.
A statement from Jirsch Sutherland said it was early days in the process and the administrators were undertaking investigations, assisted by the company’s directors.
“The company was impacted by COVID, due to delays in …
Read the full article at: https://www.farmweekly.com.au/story/7280466/live-exporter-nacc-in-voluntary-administration/