An Australian trucking company has gone into liquidation after almost 60 years in business. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in June. The business is listed as being based out of Austral in southwestern sydney, and according to its website, has been a “trusted transport service since 1968”…
A trucking company that has been operating for 57 years across several states in Australia has become the latest to collapse. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in July. The company is registered in Austral, western
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group. gold coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors. Scott Hunter was director of…
A national trucking company has been plunged into liquidation after 35 years in business, leaving about 200 employees without jobs. XL Express went in administration in June with administrators FTI Consulting appointed to review the company’s finances and assess its viability. The brisbane-based company was founded in 1990 and expanded with depot and facility locations…
National transport and logistics company XL Express has gone into liquidation after 35 years in business. It has collapsed owing almost $42m in estimated debts, with about 200 employees to be left without jobs. The brisbane-based trucking company was founded in 1990 and operated across Australia. The company was plunged into voluntary administration in late…
Image: XL Express After announcing last month that it was in voluntary administration, national logistics operator XL Express is officially in liquidation. On June 27, FTI Consulting was appointed as the voluntary administrators of the Brisbane-based transport company to conduct an “urgent assessment” of the company’s viability. The national business first started operating…
An iconic fashion retail giant has closed at least one of its flagship stores as the company prepares to fight a proposal to wind up operations over unpaid debts. General Pants Co recently shut down its
New figures show the housing slowdown is biting NSW hard, with the number of construction companies going under last quarter hitting its highest level in almost four years. Key points: NSW has been hit by a construction slowdown resulting in stressed companies going under at a record rate The president of an association representing insolvency…
A sydney family face never being able to build their dream home after their builder collapsed in March owing millions and the cost of their home’s construction jumped to $1.9 million, a whopping $800,000 more than the original quote. The 10-year-old building company called Jada Group went under with $2.4 million in outstanding debt to…
