DuncanPowell has a comprehensive understanding of the challenges that exist in the transport and logistics industry - capital intensive business, operating on very fine margins and highly sensitive to changes in variable costs. We have assisted operators of all sizes in this industry and have a wealth of experience in managing the affairs of transport and logistics operators, whether it be linehaul road train operators, light truck or van couriers.
We were appointed as Voluntary Administrators of the Linehaul Group of Companies, a South Australian based long haul transport concern. Whilst the Group had contracts with supermarkets and major food manufacturers, it was unable to manage the ever decreasing margins experienced industry wide, together with onerous asset finance commitments. The operations of the Group were broken up and sold to other long haul operators.
We were appointed as Voluntary Administratorss of DWN Distributors which operated a cold storage and distribution business as well as providing a transport cross docking facility and interstate linehaul broking service. An expansion of the coverage of Company’s business operations from its historical South Australian base significantly increased the Company’s financial commitments culminating in our appointment. The Company’s business was sold and the majority of employees were transferred to the purchaser. Those employees not transferred received their full entitlements and a distribution was been made to unsecured creditors.
Appointed as bankruptcy trustee over the shareholders of the operating company. Superlifters operated prime movers and trailing equipment specialising in the movement of heavy equipment in particular associated with the mining industry. The bankrupts shareholding interests were sold which facilitated the ongoing trading of the business and the retention of employment.
We were appointed by the Court as Liquidator of Reworrah, which traded from a depot in Darwin. Reworrah had a fleet of twenty courier vans and trucks and provided metropolitan courier and country delivery services. We continued to trade the business for a short period and the realisation strategy resulted in all secured creditors and employees being paid in full.
We were appointed Voluntary Administratorss of Fulwood Haulage, which operated as a haulage subcontractor for a major transport company, a prime transport contractor for a publicly listed mining company, and also transported crude oil from drilling sites in South Australia and the Northern Territory to storage facilities. Following a decline in the global oil price, mining and drilling activities decreased, which resulted in a reduction in the Company’s workflow. The Company was unable to reduce its overhead costs in line with the reduction in revenue. We liaised with the financiers of the Company’s trucks and equipment to make arrangements for sale.
We were appointed Receivers and Managers of C & D McBride, which operated a transport and logistics business from its base in Alice Springs. The Company had a significant fleet of prime movers and road train equipment, which primarily operated between Darwin and Adelaide.