Mad Butcher owner Veritas in talks with bank to reschedule loan payments

Tue, 30 Aug 2016

By Edwin Mitson Aug. 30 (BusinessDesk) - Veritas Investments, the owner of the Mad Butcher franchise and Nosh food market outlets, is in talks with its bank over the terms of its debt but believes it can continue as a going concern even though liabilities are three times more than assets. Notes to its annual accounts, published late on Monday, show it had current liabilities of $21.4 million, while assets amounted to $6.8 million in the year to the end of June 2016. The Auckland-based company posted an unaudited net loss of $4.59 mil...

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