Abattoir explores all options

The troubled Shark Lake Food Group has committed to exploring all options when it comes to saving its future, including putting the property up for sale. 

The property has been listed on Landmark Hardcourt’s website for sale by expressions of interest.

Prospective buyers have until 4pm on Thursday May 25 to log their interest with selling agents Glenn McTaggart  and Paul Thomason. 

The slaughterhouse declared they would go into voluntary administration to review their financial position on February 24, leaving more than 100 employees in limbo.

Administrators Philip Newman and David Charles Quinn, from Melbourne-based insolvency firm PCI Partners have been appointed to complete the process. 

On Wednesday, March 8 Mr Newman travelled to Esperance to conduct the first meeting of creditors.  The second meeting of creditors was held in early April and was adjourned to May 17.

At the second meeting the company’s future will be decided as either the administration will come to an end; a deed of company arrangement, if proposed, will be accepted; or the company will be placed into liquidation. 

Mr Newman will distributed a report to creditors one week before the adjourned meeting to give his recommendation for the company’s future. 

“The proposal for a deed of company arrangement to allow the company to commence operating again is still being considered,” Mr Newman said.  

He said both Mr Quinn and himself needed more time to formulate the proposal. Melbourne-based Rami Koyu co-owns and runs the company with Esperance-based directors John Wildberger and John Reed. 

The company was one of the largest employers in region, with around 50 full-time and up to 60 casual workers. 

According to Mr Koyu record lamb and beef prices had resulted in a difficult time for the privately owned company. 

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