The liquidators said total liabilities were $3,191,418.60.
But the value of Olivado’s plant and equipment, land and building assets was withheld.
Olivado continued operating as a processor and supplier of avocado and olive oil.
AdvertisementAdvertise with NZME.
The processing facility was just outside Kerikeri.
“The company prior to liquidation had administrators appointed,” the liquidators added in the new report.
“The liquidators made the decision to continue to trade while a deal to sell the company assets was finalised.”
At the time of liquidation, Olivado was still trading and employed seven people.
“These individuals have been provided with temporary employment agreements,” the liquidators added.
Demands made
“The…
