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Peaches Livestock trucking firm closes owing $2m

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09.26.2008

Cybergal

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Peaches Livestock trucking firm closes owing $2m

Peaches Livestock trucking firm closes owing $2m

Australia
9/27/08

Quote:

A HAMILTON-based transport company has gone into receivership with debts of about $2 million.
Peach's Livestock, which employed 13 workers, closed this week after administrators were appointed two weeks ago.
The firm, which started in Macarthur, carted livestock across the south-west to and from sales in Warrnambool and Hamilton.
``The financial state of the company is attributed to the sustained drought period that occurred in the region leading to significant cash-flow difficulties,'' receiver Sam Davies, of Adelaide accounting firm McGrathNichol, said yesterday.

http://warrnambool.yourguide.com.au/...m/1284006.aspx

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