A failed Welsh meat processor, which owes dozens of farmers and businesses money - including a Pembrokeshire farm owed £107,445 - is unlikely able to pay them back any time soon.
Haverfordwest based Emcol 2008 Ltd was voluntarily wound up in January 2016 and payments to creditors, including farmers, was totally dependent on the collection of debts from an Irish company.
One of the company’s former customers, Donal D’Arcy, trading as Darcy Meats, owed a debt of £466,798.
Liquidator Gary Stones said: “Any distribution to preferential and non-preferential unsecured creditors is totally dependent on the collection of the Irish book debt and the extent realised therefrom, and also the costs of the liquidation.”
Since the company’s collapse, 67 of these creditors have submitted claims amounting to £372,806.
233 unsecured creditors, including farmers and trade, were identified in the report, with 67 claims received for a sum of £372,806. One Pembrokeshire Farm was owed £107,445.
A number of farmers had ceased trading with the company because they had not been paid on time.
