Sydney Freight Services goes into administration

By: Anjali Behl


Hayes Advisory's Alan Hayes and Christian Sprowles have taken control of container logistics firm

Sydney Freight Services goes into administration
Sydney Freight Services has hit the wall.

 

The fate of Sydney Freight Services awaits the formation of a creditors committee, ATN understands.

A creditors meeting for custom-bonded air and sea freight depot and transport company Tahitian Gold Enterprises, trading as Sydney Freight Services, was called on Friday after it entered voluntary administration last month.

The meeting was called to consider whether to appoint a committee of creditors and if so, who would be part of the member committee.

Sources tell ATN while the decision to form a committee has been agreed upon, the committee itself has not yet been formed.

A combined notice on the appointment of administrators and the first meeting date for creditors of the company was issued on January 18, followed by a notice inviting applications for purchase of assets.

According to the administrators, the company's business and assets include: plant, equipment and truck fleet (leased); warehouse in south-west Sydney transport hub (leasehold); intellectual property; customs 77G depot licence, Class 1.3 quarantine depot (subject to approvals).

Its fleet ranges from 1 tonne vans through to 12-tonne taut liners.

Alan Hayes and Christian Sprowles from Hayes Advisory have been appointed administrators..

ATN is awaiting a response from the administrators on the current status of the business and its prospects.

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