The Byron Bay Cookie Company could continue to operate if the bakery business can be sold as a going concern, a meeting of creditors heard yesterday.
The company’s administrator, John Vouris, who oversaw the restructure of Bangalow Bowling Club a year ago, believes a successful sale is on the cards after a recent advertisement attracted 30 inquiries.
‘I’m very confident that the receivers will get a sale,’ Mr Vouris told APN Media.
‘It’s a good business and it’s a good product. The operations appear to be efficient and well managed.’
The company is being wound up by the Australian Tax Office, which has appointed PWC as receivers after reportedly being owed $1.3 million in back taxes.
Although 16 staff were sacked earlier this month, the company still has 10 employees in its office and 50 casuals working in the bakery.
Up to 170 businesses are owed money, including $2.7 million to unsecured creditors, plus unpaid staff entitlements.