{"id":15183,"date":"2025-09-11T03:45:07","date_gmt":"2025-09-11T03:45:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/15183\/"},"modified":"2025-09-11T03:45:07","modified_gmt":"2025-09-11T03:45:07","slug":"boutique-dairy-company-cranky-goat-in-liquidation-creditors-face-possible-shortfall","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/15183\/","title":{"rendered":"Boutique dairy company Cranky Goat in liquidation, creditors face possible shortfall"},"content":{"rendered":"

\u201c\u200bWe\u2019ve poured our souls into this business, fighting through three major weather events and the unprecedented challenges of Covid-19 with brave faces and unwavering determination.<\/p>\n

\u201cWe fought as hard as we possibly could, driven by our passion for cheese and our commitment to you, our incredible customers.\u201d<\/p>\n

Geoffrey Falloon of Biz Rescue was appointed liquidator of Cranky Goat Limited on August 31.<\/p>\n

In his first liquidator\u2019s report, Falloon detailed the reasons for the company\u2019s liquidation, as advised by its directors.<\/p>\n

In 2022, the directors had moved the home-based business to a large factory premises in Blenheim due to Covid, weather events and change of goat milk supplier.<\/p>\n

However, the following year the cost of the lease doubled, putting a strain on the business.<\/p>\n

Cranky Goat struggled to meet demand around Christmas 2024 due to a lack of production and procurement planning, and its costs began to spiral.<\/p>\n

Creditors face an estimated shortfall of $102,413, according to the liquidator\u2019s report.<\/p>\n

The company owes unsecured creditors more than $250,000.<\/p>\n

A further $13,000 is owed to secured and preferential creditors, which includes Inland Revenue.<\/p>\n

The book value of its assets, including land and buildings, plant and equipment, and vehicles, was estimated at around $161,560.<\/p>\n

Creditors include Heartland Bank, ANZ, Silver Chef Rentals, Big Chill Distribution, Spark and ACC.<\/p>\n

It\u2019s the second South Island dairy company in as many weeks to be placed into liquidation after South Canterbury\u2019s Denheath Desserts<\/a> suffered the same fate.<\/p>\n

Denheath made custard squares, profiteroles and cheesecakes. <\/p>\n

The family-owned manufacturer has sold its products in more than 53 Costco outlets in New Zealand, Australia, Korea and Japan.<\/p>\n

The first liquidator\u2019s report for Denheath Corporation is due on September 25.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201c\u200bWe\u2019ve poured our souls into this business, fighting through three major weather events and the unprecedented challenges of…\n","protected":false},"author":2,"featured_media":15184,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[74,14645,15892,138,17400,1656,17396,17397,7224,17401,17402,1872,17215,2219,78,296,2739,111,139,69,17398,17399,686],"class_list":["post-15183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-after","tag-beloved","tag-boutique","tag-business","tag-collapse","tag-company","tag-cranky","tag-creditors","tag-dairy","tag-denheath","tag-desserts","tag-face","tag-goat","tag-gone","tag-in","tag-into","tag-liquidation","tag-new-zealand","tag-newzealand","tag-nz","tag-possible","tag-shortfall","tag-week"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/15183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=15183"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/15183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/15184"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=15183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=15183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=15183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}