New Zealand grower Duncan & Davies has liquidated, leaving debts of £1.9m.
The ornamental plant specialist went into liquidation on 21 September. New Zealand liquidators Shephard Dunphy intend to keep trading and sell the remaining assets as a going concern.
Duncan & Davies New Zealand Ltd exported over 2,500 varieties of plants nationally and internationally. It specialised in magnolias and was sold by the Davies family in 1985 to corporate owners.
Some customers had reported supply problems prior to the liquidation including Cornwall-based Burncoose & Southdown, who placed an order in 2004 and has not received the stock.
American grower Tri B, with an annual turnover of £86m ($150m) has also had problems with stock delivery in the last year. Director Bob Berry said: “We have faced supply issues.”
Duncan & Davies owner Ray Chaiken refused to comment on the situation saying: “It is not something we will discuss.”
Duncan & Davies UK owner Ian Light said he wants to make it clear he is nothing to do with the New Zealand company. “We have had nothing to do with the New Zealand branch for 14 years.”
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