Tamworth One of a Kind may stay open, others will close

The charity association appointed an administrator in early October because of concerns that "cash inflows [weren't] sufficient to cover future outflows".

Administrator Andrew Barnden, of Sydney's Rodgers Reidy, said creditors and members of the association's committee would meet on Thursday to discuss the future.

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"There has been a proposal put forward by current and former members for a deed of company arrangement proposal," Mr Barnden said.

"If accepted by creditors it will see one of the association's buildings in Tamworth sold and then leased back and those proceeds of the sale from the property will be used to pay creditors including staff pays in full through the normal process."

Mr Barnden said trouble first began when the chief executive officer and the operations manager took time off for worker's compensation.

"Both went on workers compensation around the same time in around June and ... that has resulted in the association not having the CEO to run the business as efficiently as it should," he said.

"Several staff raised concerns as to the trading viability with the committee members and, at that stage, they were comfortable but as time went on the drought has also affected the quality of donations and turnover through the shops and people do not come through the town as often."

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Staff will lose their jobs, but the exact date of the closure is so far "unknown" to the administrator.

"Any employees that will lose their job will be entitled to ... redundancy priority in accordance of the Corporations Act and that includes superannuation," Mr Barnden said.

One of a Kind stores include Gunnedah, Tamworth, Narrabri, Armidale and Toowoomba.