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Farmers unlikely to receive thousands owed after abattoir collapse

A Pembrokeshire farm was owed £107,445 following Emcol 2008’s collapse


Alex   Black

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Alex   Black
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Farmers unlikely to receive thousands owed after Welsh abattoir collapse #beefgb #sheep365

Emcol 2008, based in Haverfordwest, was wound up in January 2016 and payments to creditors , including farmers, was totally dependent on the collection of debts from an Irish company.

 

One of the company’s former customers, Donal D’Arcy, trading as Darcy Meats, owed a debt of £466,798.

 

Liquidator Gary Stones said: “Any distribution to preferential and non-preferential unsecured creditors is totally dependent on the collection of the Irish book debt and the extent realised therefrom, and also the costs of the liquidation.”

 

Debt

 

Mr Stones said in his liquidator’s report actions had been taken to try to recover the debt.

 

233 unsecured creditors, including farmers and trade, were identified in the report, with 67 claims received for a sum of £372,806. One Pembrokeshire Farm was owed £107,445.

 

Mr Stones added: “The liquidation will remain open until the matter relating to the Irish debt has been fully resolved, the timescale of which I am unable to estimate.”


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