This was published 8 years ago
Updated ,first published
The co-owner of high-profile art gallery and auction house Mossgreen says creditors will not be out of pocket after the shock news the company has gone into voluntary administration.
Paul Sumner, who is also chief executive and co-founder, said the move was due to debts following the company’s rapid expansion and the withdrawal of its key investor.
On December 21 Mossgreen, which has branches in Melbourne, Sydney and Auckland, thanked customers via its Facebook page for their 2017 support and announced its holiday office closure.
The next day, the Australian Securities and Investments Commission announced that administrators had been appointed for Mossgreen Pty Ltd.
The administrators are James White, Nicholas Martin and Andrew Sallway from corporate advisers BDO.
A BDO media release says they are…