Dunedin food outlet Frozen Direct has been sold to new operators, while its former owner-operator has company liquidation proceedings in place as issues are worked through with unsecured creditors.
Liquidator Trevor Laing, of Trevor Laing & Associates, was appointed after former owner Malcolm Dodds initiated voluntary liquidation at the end of October, for the sole outlet in Andersons Bay Rd in South Dunedin.
When contacted by the Otago Daily Times, Mr Laing said the sale covered payments to secured creditors, IRD and wages.
However, issues were still being worked through with long-time suppliers who were unsecured creditors.
Mr Laing said the sale was a "good outcome", in that a business and all jobs were retained.
Also, the outlet would continue to trade, having reached agreement to use the name Frozen Direct.
According to Company Office records Mr Dodds is the sole director and shareholder of Frozen Direct Ltd, which was incorporated in mid-1991.
Mr Laing said information was still being collated on unsecured creditor debt and was unable to estimate what may, or may not, be owed.
