Friday, January 19, 2018
Since Sept 27, 1879
Retail $1.70 Home delivered from $1.15
THE INDEPENDENT VOICE OF MID CANTERBURY
M. bovis found on second farm
In today’s paper
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www.guardianonline.co.nz
ADVENTURE A group of adventurehungry young Ashburtonians are mountain-scaling, camping and swimming their way through the week.
FULL STORY Hitting the dirt track yesterday were (from left) Liam, Hurley, Dan and Travis.
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PHOTO KATIE TODD 180118-KT-395
Hot Ash in receivership BY SUE NEWMAN
SUE.N@ATHEGUARDIAN.CO.NZ
The receivers have been called into the Hotel Ashburton by the Ashburton Trust, ending several months of uncertainty over the business’ future. Late last year Inland Revenue put the hotel’s owners Hotel Ashburton 2016 in liquidation over unpaid taxes and yesterday the trust took the next step of putting the business in the hands of
receivers Malcolm Hollis and John Fisk of Price Waterhouse. Trust chairwoman Fay Watson said the receivers would run the hotel until new buyers were found. “The aim is to sell the business as a going concern. The receivership gives staff certainty. The hotel continues to operate and the receiver pays their wages. “It’s business as usual. The doors are not locked. Functions
go ahead as planned, it’s business as usual,” Watson said. While the receivers would be running the hotel, staff would continue doing this on a day-today basis as they had been for some time, she said. “The receivers are taking over operating it while they look for a buyer.” Hollis says he was confident a good buyer would be found for the business, but said he’s unlikely
to start the marketing process for a month or two. His first priority was to get it running properly again. The Hotel Ashburton 2016 company, owned by Peter Whittaker and his family, had a High Court date on January 25 as part of the liquidation process. In the trust appointing a receiver before that date Hollis said it ensured the business would be sold as a going concern.
“The receiver has the ability to continue to operate the business, whereas the IRD is more likely to go in, sell chattels and close the doors. I’ll now be responsible for running the business until it’s sold. “We’ll focus on people, suppliers and customers.”
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