National trucking company XL Express collapses after 35 years
XL Express, a transport and logistics company which has been delivering packages out of its Brisbane, Sydney and Melbourne sites for the past 35 years, went into voluntary administration on Friday along with all of its 16 related companies across distribution, logistics and staffing.
The company started in Brisbane in 1990 and managed deliveries for homes and businesses.
Administrators Kelly-Anne Trenfield, Joanne Dunn and Ross Blakely from FTI Consulting were appointed to the entities under the XL Express Group.
They are conducting an 'urgent assessment of the business to consider its continued viability', a statement from FTI Consulting said.
'Where services are unable to be fulfilled, arrangements are being made for customers to collect their goods held in XL Express Group distribution centres.'
The administrators will investigate the financial position of companies and provide a report to creditors.
The abrupt closure without notice left customers in the lurch with one telling News Corp Australia as it was unfolding 'we've only managed to get one phone call through and the person just said they couldn't speak as to why operations are down'.
'Our Queensland manager drove out to their Brisbane depot today. There are people there, but the gates were sealed and no one answered the buzzer,' the customer said.
'Our Victorian manager got a call from his contact in the company. They said they can't say much, but that we shouldn't expect any service today.'
The first meeting of creditors will be held before July 9, FTI Consulting said.
XL Express managing director Colin Mallory was the sole director for each of the companies.
Some of the entities were owned by Mallarchy, another company Mr Mallory owned.
News Corp has contacted the company and Mr Mallory for comment. Sarah Simpkins News reporter
Sarah Simpkins is a reporter with the Australian Business Network, based in Mackay, Queensland. Previously, she worked for ABC. She has also covered the health, banking, finance, and printing sectors for various industry publications. You can contact her at sarah.simpkins1@new.com.au. DataRoom
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