South Australian business Spring Gully Foods collapses Dick Smith with Spring Gully brand co-ordinator Russell Webb at Woolworths Unley last year. THE award-winning family business Spring Gully Foods has collapsed with debts of more than $3 million, leaving the future of 44 jobs uncertain. The 60-year-old South Australian company, now in its third generation, went into voluntary administration yesterday afternoon. It won a Premier's Food Award in 2011 and last year invested in a new warehousing facility to underwrite a national processing and distribution contract for Dick Smith Foods. It has been supplying its own products under the Spring Gully, Leabrook Farms and Gardener Range brands, including gherkins, honey and jam, since 1934. Administrator Austin Taylor, of Meertens Chartered Accountants, said the company had lost contracts with Coles, Woolworths and Aldi, leaving a major hole in its finances. The turnover was 60 per cent down within a few months. It is like it was delisted," he said. I had to ask `Are you being victimised by your customers?'  Managing director Kevin Webb would not comment last night but it is understood the family was gathered together to mourn the passing of the company. Spring Gully Pickles was established in 1946 in the Adelaide suburb of Rostrevor after Christmas gifts of home-grown pickled onions proved popular. It built a business that counts New Zealand and Asia-Pacific among its export markets. It is understood the company will make a formal statement on Friday. Mr Taylor is yet to set a date for the first meeting of creditors.