Geelong company folds after decades on the road
Three Transtex and SBL subsidiaries listed for liquidation in as many months
LIQUIDATORS have been appointed for Geelong-based transport company Transtex Logistics with employees given notice that they had lost their jobs with less than 24 hours notice.
Transtex Logistics is one of several companies headed up by director Shane Blakeborough and goes to the wall only a month after Shane Blakeborough Logistics (SBL) folded.
Drivers and other employees were taken by surprise by the notification sent by text that allegedly read: “Dear staff, It is with regret that the business known as Transtex Logistics Pty Ltd has shut it's doors and will cease to trade, effective this afternoon Sunday 27th August 2017”.
The text went on to say that employee entitlements and outstanding would be dealt with through the liquidators with entitlements covered by the Fair Entitlements Guarantee (FEG) Program.
The text went on to inform employees: “You are not required at work tomorrow given the circumstances”.
Transtex Employment and Transtex Logistics, both of which list Shane Blakeborough as director, were appointed to liquidators Romanis Cant Charted Accoutants on August 28th.
The news follows the appointment of forensic accounting firm Rodgers Reidy as the liquidator of a Transtex subsidiary SBL Pty Ltd in July.
“There is unlikely to be a return to unsecured creditors in our liquidation,” a spokesman for Rogers Reidy said.
“Except superannuation employee entitlements will be paid via fair entitlements guarantee scheme.
“All plant and all the hard assets are under security agreements with banks or finance companies security arrangements,” he said.
After calling the number listed on the Transtex website, Big Rigs was informed the office is now being managed by a company operating under the name of Delivery Express, a subsidiary of Deliver Express.
The news is seen as the end of an era for the Geelong Transport company which began as Shane Blakeborough Logistics, only to take over management of Transtex in 2014.
In February 2014, Mr Blakeborough announced that Shane Blakeborough Logistics had taken over management of Transtex.
“With over 25 years in the general freight business and over 20 vehicle ranging from utes and vans to B-Double and everything else in between,” the post read.
In July 2014 Mr Blakeborough then announced online the Transtex and SBL would be merging, to create a transport company with 50 plus prime movers and 25 plus rigid trucks and vans.
“Less than three years ago we started Shane Blakeborough Logistics with
❝ There is unlikely to be a return to unsecured creditors in our liquidation
one truck and have grown it to 20 plus truck (sic) and some really great people building it has given me great insight in to how to spend my money quickly we have a 7000 square metre undercover shed and workshop in Geelong to keep them on the road in great shape,” he posted.
“Our new name is TRANSTEX / SBL we continue to grow from a strong base off (sic) people and a commitment of a safe work culture,” he said.
According to ASIC documentation all registered businesses now under liquidation had been established earlier this year.
Big Rigs has been able to obtain comment from Mr Blakeborough or any Transtex spokespersons.
IN THE SHED: An SBL vehicle