Katanning co-op goes into voluntary administration – The West Australian

Katanning BKW Co-Operative shop has gone into voluntary administration.

In a letter to members BKW Co-op chairman Norm Flugge said the board was calling for expressions of interest in the business, which has operated for 96 years.

The board has arrived at this decision with heavy hearts, he said.

But after a review of our financial position and facing another substantial loss, the reality is that we cannot continue to sustain further losses without placing the business at the risk of trading insolvent.

The board has since appointed Neil Cribb from RSM Australia Partners as their voluntary administrator.

The BKW Co-Op was formed in 1921 …

Read the full article at: https://thewest.com.au/news/regional/katanning-co-op-goes-into-voluntary-administration-ng-b88914820z