Cookie Co Pty Limited (fictional name) was an Australian company that imported American biscuits, chips, chocolate, sauces and non-alcoholic drinks. It distributed these through supermarkets. A long-term loan and an overdraft facility were supplied by a bank, which held a fixed and floating charge over Cookie’s business and assets.
It also held a mortgage over the directors’ home. 1Cookie’s principal assets were warehouse premises, plant and equipment, trucks, debtors, stock and goodwill. It employed 30 staff. The company lost its distribution rights for some products. Some US suppliers also entered the Australian market. It suffered trading losses, and the directors had a matrimonial dispute. Click here to read more…
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