Administrators take over Byron Bay Cookie Company
FOLLOWING yesterday's announcement that the Byron Bay Cookie Company was in trouble with the Tax Office, the company has today gone into voluntary administration.
The administrators - the business recovery team at Lawler Partners - said they would keep the business operating, with the support of employees, customers and suppliers.
They will also be working closely with the company's stakeholders in preparation for the first meeting of creditors, which will be held on Tuesday, March 19.
"We intend to trade the business and are working with the board, employees, customers and suppliers and are hopeful that a Deed of Company Arrangement proposal will be submitted that will maximise a return to creditors," team member John Vouris said.
Cookie Company director Jacqueline Schurig said its board had "exhausted all avenues prior to making the decision to appoint voluntary administrators".
The board was confident the business had a future and saw this as an opportunity to restructure its manufacturing division, she said.
Anyone with an inquiry in relation to the voluntary administration is encouraged to contact Lawler Partners at firstname.lastname@example.org