A healthcare group turning over millions of dollars from the sales of vitamins and other consumer products has collapsed into voluntary administration.
Direct Wellbeing Pty Ltd appointed external managers on April 4.
Todd Gammel and Barry Taylor from HLB Mann Judd are acting as joint voluntary administrators and a creditors meeting is due to be held on April 13 in Sydney.
The administrators are seeking urgent expressions of interest in Direct Wellbeings wholly-owned subsidiary, Australian NaturalCare Products.
Australian NaturalCare Products turns over around $17 million and is profitable, according to administrators.
The business operates two brands, Australian NaturalCare and Pure Vita…
Read the full article at: http://www.smartcompany.com.au/finance/67014-multimillion-dollar-healthcare-group-collapses-into-voluntary-administration/