Buyers sought for on-demand fuel delivery operator


Opportunity exists to further develop HaloGo business, liquidator says

Buyers sought for on-demand fuel delivery operator
A HaloGo image of it supplying Victoria's CFA

 

An on-demand fuel delivery operator is on the market after being placed in liquidation by creditors.

Seen as a ‘unique entrant’ in the sector in late-2019, HaloGo was marketed as a mobile fuel delivery service for large automotive groups, fleet owner managers, and the retail market.

At the time of launch it would distribute Caltex fuel, with the price determined by the average cost of the eight nearest service stations, plus an $8.50 delivery fee.

The company and wholly owned subsidiary first went into voluntary administration on September 3, following disputes surrounding the management of the operation and development of the group between its founding and major shareholders, Adelaide-based restructuring firm DuncanPowell notes.

Subsequent attempts to propose a deed of company arrangement failed.


Supreme Court insight on Redstar Transport's liquidation, here


DuncanPowell partner Chris Powell says assets for sale of the HaloGo Group includes special-purpose plant and equipment and intellectual property.

Powell says he expects Australian and international interest in the business.

"Following a successful initial market roll-out in Victoria, the opportunity exists to further develop the market nationally and overseas," he says.

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