A transport company that has been operating for more than 25 years has been placed into voluntary administration.
Longfords Southern Deliveries, which is based on the south coast of New South Wales south coast, appointed external managers on February 18.
Sean Wengel and Robert Whitton from William Buck have been appointed as voluntary administrators.
Longfords Southern Deliveries started out as a husband and wife team with two trucks and one staff member, according to its website.
The company manages a distribution centre, which opened in 2002, and specialises in next day deliveries for most areas on the NSW south coast.
As many as 44 employees and sub-contractors in Nowra, Ulladulla and Batemans Bat are affected by the administration.
However, joint administrator Sean Wengel told SmartCompany it is “business as usual” for everyone at Longfords.
“The administrators are continuing to trade the business whilst we undertake an urgent review of the company’s financial positions,” Wengel says.
“We have been pleased with the ongoing support from employees and customers since the commencement of the administration. All options in relation to the future of the business are being considered.”
Wengel says he is unable to comment on the reasons for his appointment as the administrators’ investigation is in its early stage.
“The interests of all creditors will be taken into account during the administration,” he says.
The first creditors meeting is due to be held on March 1 at the Nowra Golf & Recreation Club.