Businesses across northern Australia are chasing a Kimberley beef company for millions of dollars in unpaid debts, an ABC investigation has found.Creditors of the Yeeda Pastoral Company have told the ABC they are owed millions of dollars worth in unpaid contracts
The money owed by Yeeda, controlled by Hong Kong-based majority shareholder Asia Debt Management, is for cattle sold and work conducted over the past 18 months. "It's worse this year because everyone is doing it pretty tough right now," they said, referencing low cattle prices and difficulties in export trade.
"We need to keep the Yeeda and KMC side of things going so we can all work our way out of ," the ABC's source said.Creditors have told the ABC of their difficulty contacting and speaking to representatives of Yeeda Pastoral Company about their outstanding debts.
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