Aus­tralian Road Ex­press, Rivet Min­ing hit wall

Australian Transport News - - Contents -

Cred­i­tors ap­pointed fol­low­ing re­quests from di­rec­tors of both com­pa­nies

HAULAGE COM­PA­NIES Aus­tralian Road Ex­press (ARE) and Rivet Min­ing Ser­vices have en­tered ad­min­is­tra­tion as of 5pm on July 17.

The com­pa­nies are two sep­a­rate busi­ness di­vi­sions un­der the new in­car­na­tion of the now-de­funct McAleese busi­ness, the Rivet Group.

Rob Kir­man, Rob Smith and An­thony Con­nelly of McGrathNi­col have been ap­pointed re­ceivers and man­agers, while An­drew Cum­mins, John Car­rello and Peter Kre­jci of BRI Fer­rier have been ap­pointed as vol­un­tary ad­min­is­tra­tors of the two com­pa­nies and their re­spec­tive sub­sidiaries that in­clude: • Aus­tralian Road Ex­press Pty Ltd and its sub­sidiaries, in­clud­ing Jolly’s Transport Ser­vices and Jet­style Ex­press (to­gether re­ferred to as the ARX Group) • Rivet Min­ing Ser­vices East Holdco Pty Ltd and its sub­sidiaries, in­clud­ing Rivet Min­ing Ser­vices East Holdco Pty Ltd, Rivet Quar­ries Pty Ltd, Rivet Min­ing Ser­vices (NSW) Pty Ltd, and Rivet Min­ing Ser­vices (QLD) Pty Ltd (to­gether re­ferred to as the RMS East Group). While the ad­min­is­tra­tors have not yet con­firmed the cir­cum­stances that led to this move, ATN un­der­stands cred­i­tors were ap­pointed fol­low­ing re­quests from di­rec­tors of both com­pa­nies.

ARX was based on the former WA Freight Lines busi­ness.

Op­er­a­tions were be­lieved to be run­ning as nor­mal across all af­fected busi­nesses as the ad­min­is­tra­tors carry out “ur­gent” ap­praisals of all the en­ti­ties.

“The Re­ceivers in­tend to op­er­ate the ARX Group and the RMS East Group in the short-term while they con­duct an ur­gent ap­praisal of the busi­ness,” a state­ment from McGrathNi­col confirms.

“The ob­jec­tive of the Re­ceivers is to work closely with man­age­ment, per­son­nel, sup­pli­ers and cus­tomers to keep op­er­a­tions run­ning as smoothly as pos­si­ble whilst this ap­praisal takes place.”

Other en­ti­ties within the Rivet Group, in­clud­ing Rivet En­ergy and Re­fuel In­ter­na­tional, have not been af­fected by this move and con­tinue to op­er­ate as nor­mal.

“Each other en­tity in the Rivet Group re­mains un­der the con­trol of its di­rec­tors and those en­ti­ties con­tinue to trade as nor­mal,” the ad­min­is­tra­tors state.

“ATN un­der­stands cred­i­tors were ap­pointed fol­low­ing re­quests from di­rec­tors of both com­pa­nies”

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