Creditors are owed about $149,000 following the voluntary
liquidation of Dunedin food and drinks wholesaler Leith
Distributors, liquidators estimate.
Leith, under the trading name of Freshstart 2007 Ltd, is
owned by sole director and shareholder Peter Hanlin, of
Mosgiel, who put the company into liquidation in late August.
There are four secured creditors, with interests on the
Personal Property Securities Register, nine preferential
creditors and 94 unsecured creditors.
Liquidator Iain Nellies, of Insolvency Management, has
delivered his first report on Leith, but said that until all
company records were examined, he could not determine whether
there would be a dividend to creditors.
He said the estimated total owed to creditors was $339,000,
less assets of $190,000, including $95,000 owed to Leith by
debtors, which would leave a deficit of $149,000 for
creditors.
He said no-one wanted to buy the company as a going concern.
There were offers for all plant and stock, plus partial
offers, but it was decided to sell the stock in hand and
realise the remaining assets through an auction.
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