McGrathNicol undertakes ‘urgent appraisal’ of stricken company’s operations
Heavy equipment provider Western Diesel Group is under administration with accountancy firm McGrathNicol.
The Northern Territory distributor of trucks, trailers, materials handling and earthmoving equipment went into voluntary administration last week.
Three of the firm’s partners, Anthony Connelly, Jamie Harris and John Cronin have been appointed receivers and managers.
The company, which operates in Darwin, Alice Springs and Cloncurry, is said to owe millions of dollars to creditors.
Its Cloncurry site has been closed.
The company offers services to remote areas throughout Australia, using modern technology and trained technicians and has over 60 staff, according to its website.
It was established in 1990.
The receivers took over the company on April 3.
“We are currently undertaking an urgent appraisal of Western Diesel’s operations to determine the best course of action to preserve the value in the group’s businesses and assets,” Connelly says.
“We will be liaising closely with employees, suppliers, customers and other stakeholders as part of the receivership process.”