The receivers for payment technology company ProvencoCadmus say they have already had plenty of interest from potential buyers.
ProvencoCadmus was placed in receivership on Monday, unable to survive under the weight of $45 million of debt, sluggish investment markets and a weaker-than-expected trading performance.
The company had hoped to secure an extra $5 million from its banks and shareholders to keep going, but it was rebuffed by major shareholders Peter Maire and Todd Capital.
Michael Stiassny of receivers KordaMentha says he is now wading through the company books to see what can be salvaged. He says he has been in contact with potential buyers, but a decision on what can be sold is some time off yet.
