Administrators of Yeeda Pastoral Company have received a time extension for the next creditors meeting, after finding the Kimberley business was $103 million in debt.

Richard Tucker, Anthony Miskiewicz, and David Osborne, of KordaMentha, were appointed as administrator of Yeeda Pastoral Co and its subsidiaries in February.

The administrators’ first creditors report and a recently published Supreme Court of Western Australia document revealed the Yeeda group owed about $50.4 million to…