Creditors vote for Kleenmaid liquidation

Sarah Stowe

Creditors of the franchise white goods company Kleenmaid this morning voted for company liquidation, in line with recommendations from voluntary administrators Deloittes, who recently revealed the group has debts of more than $100m.

The administrators last week revealed police were called in to the head office of franchise company after the directors, Andrew and Brad Young, attempted to remove records without the consent of the voluntary administrators, John Greig, David Lombe and Richard Hughes.

The police remained at the Maroochydore head office until the directors left the premises.

The matter has been reported to the Australian Securities and Investments Commission and the police for further investigation.