Yeeda Pastoral Company and its subsidiaries - Case Update

Richard Tucker, Anthony Miskiewicz and David Osborne of KordaMentha, the administrators of Yeeda Pastoral Company and its subsidiaries, have secured a 6-month extension for the second meeting of creditors.

The company, which owns Yeeda and Mount Jowlaenga stations and Kimberley Meat Company abattoir, the only large abattoir in northern Western Australia, entered voluntary administration in late February after government investigations into debts owed to the group’s creditors and allegations of illegal dumping.

Secured creditors are reportedly owed $50.4 million and unsecured creditors owed $53 million.