Debt to creditors not ‘insignificant’

THE administrator handling the collapse of the region’s largest woodchip hauling operator has revealed debts owed to creditors are not “insignificant” given the size of the business.

More than 10 people yesterday attended a creditors meeting in Mount Gambier for Pearce Logistics, which is the woodchip operation arm of the Whitehead Group of Companies.

A number of Mount Gambier businesses are owed significant amounts of money from the failed operation, which underpins more than 35 jobs.

Headquartered at Commercial Street West, the 20-year-old company has a fleet of 35 trucks that freight woodchip to the Port of Portland.

While administrator Daniel Lopresti – from

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