South Australia’s Spring Gully Foods has cleared its multi-million-dollar debt, with the help of the public, after entering voluntary administration four and a half years ago.
The brand, known for its pickled onions and chutneys, today dispatched its final cheques to creditors, paying them 102 cents in the dollar as a gesture of goodwill.
The family-owned company entered voluntary administration in April 2013, after a downturn in sales left them with debts of close to $5 million.
The announcement prompted a huge community response, wit…
Read the full article at: http://www.abc.net.au/news/2017-12-15/spring-gully-foods-clears-debts/9263148
