Ben Paterson was left over £30,000 out of pocket after selling calves through Beeston after the mart closed.
Posting on the Blackthorn Farm Equestrian Facebook page, his mother said her son had done ‘nothing but graft’ after taking out loans to purchase some calves to rear.
“He reared his first batch of calves and made mistakes but he learnt from those mistakes,” she said.
She said he had taken on the second batch of 60 calves with a ‘new excitement’ that he could possibly make some money from them, juggling a milking job, baby sitting duties and the calves.
“Ben did us proud. He could not afford a haulier so he went back and forth for two days delivering his calves to Beeston Castle [Wright Marshall],” she said, adding they were the best calves of the day selling for a ‘perfect price’ at Beeston.
But with the closure, Mr Paterson has not received the money owed from the mart.
And, as he still owed money himself, he now was questioning how he could carry on as it was not possible to borrow more and start over again.
“My son and his girlfriend are hard workers and will manage somehow to put food on the table for their little girl who is 16 months old because that is what you do.
“It is the mental health and pressure of us all that has been affected.”
A GoFundMe page has now been set up for Ben, with over £10,000 raised over the weekend.
Wright Marshall appointed Anthony Collier and Ben Woolrych at FRP Advisory LLP as administrators last Wednesday (June 26).
The rural auction mart has ceased trading and all 37 employees have been made redundant. The administrators will continue to trade the real estate and professional services divisions, as well as the fine art auctioneers, while a buyer is sought.
Anthony Collier, Joint Administrator, said the challenges facing the agricultural sector had been well-documented and the downturn in livestock volumes sold through the mart had resulting in Wright Marshall making ‘unsustainable losses’.
“Our focus now is on identifying a purchaser for the other aspects of the business in order to maximise any returns for creditors, and of course to work closely with the Redundancy Payments Service to support all affected employees at what we know will be a difficult time.”
Interested parties should contact Simon Farr at FRP Advisory on 0161 833 3344.