Administrators are trying to work out what caused the financial collapse of a NSW north coast baby carrier company.
The directors of Hug-a-Bub Australia Pty Ltd, based at Byron Bay, put the company into voluntary administration on Monday.
Founded 15 years ago by two mums, the company made organic baby carriers, wraps and slings.
Administrator Brendan Nixon from Stanley Morgan Accountants said there are about 20 creditors to be paid at this stage, but more could come forward.
Mr Nixon said it is unclear why the company went bust and he hoped a buyer would be found for the company.
“Our investigations have only just started to commence so one of the …
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