Australian Road Express, Rivet Mining hit wall
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”