Archive, Industry News

Maxwell Transport falls into administration

Group stumbles and recovery looks like a very hard task, administrators say

 

Melbourne-based linehaul and refrigerated transport operator Maxwell Transport has moved into voluntary administration.

Two key businesses from the group are now under the responsibility of appointed administrators.

Gess Rambaldi and Andrew Yao, of Pitcher Partners, have taken control of the transport operations through the Maxwell Transport and MTG Group entities.

A third company, Optimal Corporate Services, is in liquidation, under the watch of Romanis Cant managing partner Tony Cant.

Rambaldi tells ATN some parts of the business were shut down immediately on his appointment on March 2.

Chances of a return to business-as-usual for Maxwell Transport are therefore “remote”, but he remains hopeful other parts of the business can be saved.

It is understood the majority of the 60 staff were employed through Optimal Corporate Services.

Cant met with employees on Wednesday morning to advise them of the situation, and to explain how entitlements could be claimed.

He says some staff will be required by the businesses as they work through administration, but they are likely to be rehired through either those or a third entity.

Maxwell Transport Group was established in 2000 and claimed Woolworths as a foundation customer.

As well as transport, the company offers warehousing and third-party logistics services, as well as industry property development.

Previous ArticleNext Article
Send this to a friend