Multimillion-dollar twist in flailing of mattress maker AH Beard

AH Beard entered voluntary administration after three years of losses owing more than $13 million, including $10.23 million to suppliers and other creditors and $2.87 million to employees, while reporting about $7.1 million in receivables and a further $6.4 million owed by its New Zealand subsidiary, which is in liquidation.

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