Buchan to pay a third of debts
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• Meat hauliers working for the failed abattoir Buchan Meat Producers are to be paid around a third of their £400,000 debts in a move which eases the collapse of one of Scotland's largest slaughter houses.
Liquidator Ian Souter says eventually Buchan's 440 creditors can expect to be paid a dividend of between 30-40p in the pound. They will receive an interim payment within six months.
Port Lethen-based Bonaccord Transport, which is owed between £ 200,000 and £300,000 from Buchan's collapse says: "The payment is better than nothing...our future is safe."
Refrigerated operators Henry Thomson of Aberdeenshire and Gibbs Transport from Grampian are also owed thousands of pounds and are waiting for the results of Kepak's review of its transport requirements.
The slaughter house used hauliers to transport around 600,000 live and dead animals a year when it finally collapsed with debts of £4.9m.
BSE food scares, which hit Buchan's sales by 30% in December, worked in tandem with fierce competition in the slaughter house trade to bring the company down.