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.

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