Market shop owes $250k
The Grocer’s Market owes $250,000 to at least 30 suppliers and has not paid 15 staff, the liquidator of its contract holding company says.
Waterstone Insolvency principal Damien Grant was appointed to liquidate TGM Trading on Monday morning.
The Grocers Market was owned by Aaron Drever who bought the store from Grant who was receiver of the failed Nosh supermaket chain.
But Drever failed to make monthly payments as part of the deal.
Grant said he had made no promises to staff that they would be paid the wages and holiday pay owed to them, other than the days they worked this week after he was appointed liquidator. The store had about eight full-time staff, he said.
TGM held The Grocer’s Market’s employment and supplier contracts, Grant said.
Drever was TGM’s director but the company was owned by Ronald Johnson’s Cpl Trustee Services, according to Companies Office records.
The Grocer’s Market, was placed in receivership simultaneously with TGM’S liquidation.
Gilbert said on Monday that two offers to buy the supermarket were on the table.
Drever had attempted to sell the supermarket but failed.
The Grocers Market was Aaron Drever.