NSW company, Flynn Transport, has gone into voluntary liquidation on Monday, with all assets to be sold in efforts to settle debts to creditors.
According to Worrells Solvency & Forensic Accountants, which is handling the process, Flynn Transport is made up of three separate entities.
The first is Flynn Transport Pty Ltd, which the company owner reportedly believes is solvent, owns the assets, including vehicles and buildings.
Meanwhile, Flynn Transport (NSW) Pty Ltd, which was responsible for running the business, has been placed into a creditors voluntary liquidation due to its insolvency.
NSW Employment Pty Ltd, which was responsible for employees working for the Flynn Transport business, has also been placed into a…
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