The company also had $326,600 in accounts payable that liquidators classed as “probable claims”.
The only assets liquidators said were available to them were $8000 in a company bank account and $106,370 due from the sale of the business to Weyland Group.
The business of Wild Poppies – an online florist operating since 1998 – had been sold the same day Waterstone was appointed on May 19.
Weyland was only incorporated the week prior, with Cole Bradburn, Kerry’s son, listed as sole director and shareholder.
Creditors expressed outrage at the chain of events that saw the company’s assets and business sold off just before liquidators were appointed, leaving creditors staring at a hole of more than a million dollars.
Botterill said he…