Riversdale shearing company in liquidation owes $553k
The company was incorporated in October 2012, and provided shearing and firewood services. In the report, Roger says the company failed because of poor decisions, which includes undercharging for its services. He stated there had been a breakdown in the relationship with the company’s former accountant and as a result, he had not been aware of the amount owing to creditors, the report says. “Once he was aware of the amount owed to creditors he was of the view that the company had no ability to recover from the position it was in,” the report says. The company was placed into liquid...
Source: stuff.co.nz