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Facing a wall of silence

Creditors are growing increasingly frustrated at a lack of answers following the liquidation of agricultural equipment company Cornish’s.Creditors are growing increasingly frustrated at a lack of answers following the liquidation of agricultural equipment company Cornish’s.
Nanjing Night Net

In information supplied to Cornish’s creditors on October 31, the company owes more than $4 million to about 254 companies.

On September 8, W. Bill Cornish Pty Ltd sold their Narromine, Gilgandra, Gunnedah and Quirindi branches to Wideland Ag and Construction, before Cornish’s went into liquidation.

Shaw Gidley was appointed as liquidator on October 22 and PKF Lawler have been named as administrators.

However, creditors trying to uncover additional information have hit continual dead ends.

ITC National’s Director Peter Briggs, said he was not concerned about the money he was owed, but about the handling of the situation.

Mr Briggs said after contacting PKF Lawler he was told to contact Cornish’s director Doug Upcroft directly, however his number had been disconnected.

Mr Briggs was also given Jacqi Upcroft’s phone number but found it been disconnected as well.

“I can only hope there is a thorough investigation into the conduct of the directors of Cornish’s. To shut shop on a Friday (September 5) and the new owners commence business on the Monday (September 8) leaving only a PO box as a contact for the entire Cornish’s group stinks.”

He said he would like to find out what happened to the proceeds of the sale of Cornish’s.

Gason Sales and Marketing manager for agriculture Peter Piddington said he was also failing to find answers.

“I made a number of phone calls and left messages and I’ve had no calls returned,” he said.

“It’s disappointing to see an old established business go out of business. We’ve been dealing with them for 30, 40 years. It’s very disappointing when these things happen.

“The way it has all worked out is disappointing,” Mr Piddington said.

A meeting of creditors is expected to be held with Shaw Gidley on November 12.

Shaw Gidley and PKF Lawler were both contacted for comment but did not respond.

Wideland Ag and Construction did not wish to comment and Mr Upcroft could not be reached for his response.

This story Administrator ready to work first appeared on Nanjing Night Net.

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