Gee­long com­pany folds af­ter decades on the road

Three Transtex and SBL sub­sidiaries listed for liq­ui­da­tion in as many months

Big Rigs - - NEWS - RE­PORTER KIRSTIN PAYNE kirstin.payne@bi­grigs.com.au

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.

PHOTO: COVEN­TRY STU­DIOS

IN THE SHED: An SBL ve­hi­cle

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