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daniel schuster wines

Receiver looking at offers for Schuster winery

The receiver of Waipara's Daniel Schuster Wines is considering tenders following a marketing campaign by Colliers.

The pioneer North Canterbury winery was placed with receiver Stephen Tubbs of BDO Spicers in July. According to his most recent report the company owes Westpac $1.1 million and unsecured creditors $1.6 million. Assets are worth $1.3 million and liabilities $2.9 million.

The registered charge holders include the Donaldson family who own the nearby Pegasus Bay vineyard.