THE financial position of Dalgrains has been clarified by Worrells Solvency & Forensic Accountants, with partner Adam Ward last week appointed as its liquidator, and the company this week advising Dalgrains records indicate it traded profitably for a number of years from its office in Dalby.
It would appear that the placement of the company into liquidation is a result of two of its major debtors owing in excess of $2.1 million entering liquidation, Worrells said in a statement.
Dalgrains assets are estimated to be in excess of $10.8 million, with a total of 36 creditors owed in excess of $16 million, $14.1 million of which is owed to secured creditor National Australia Bank.
A minimal amount is owed in …
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