A Manuwatu dairy farmer who was convicted for obstructing an animal welfare officer has had his company placed into receivership after apparently over-extending on debt.
PricewaterhouseCoopers partners Maurice Noone and John Fisk have been appointed as receivers of Robert McVitty’s company McVitty Properties and Patoka Dairies, in which McVitty Properties holds a majority stake.
Mr Noone said the company appears to have over extended itself, and has not be able to secure the necessary funding to fund current operations and current debt levels.