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Press Release: DK HEAVY PLANT SERVICES PTY LTD

30 November 2021

 

PRESS RELEASE

DK HEAVY PLANT SERVICES PTY LTD

ACN 618 445 775

 

Hall Chadwick partners, Sule Arnautovic and John Vouris, were appointed Joint and Several Administrators of DK Heavy Plant Services Pty Ltd (“Company”) on 29 November 2021.

The Company is an established mining services and mechanical repair business operating throughout the Hunter Valley, NSW.

Details of the Company operated business are as follows:

  • Established Business
  • Approximately 170 staff
  • HQ in Muswellbrook, NSW
  • Operates from multiple site locations in the Hunter Valley Region
  • Services: Line Boring; Sand Blasting & Painting; Light and Heavy Fabrication; Mechanical Repairs; and Onsite Labour/Employment

The Administrators are presently continuing to trade the business of the Company and continue the employment of employees.

The current strategy of the Voluntary Administration is to continue the business of the Company, with a view to restructuring the Company via a Deed of Company Arrangement (“DOCA”) and/or implementing a Going Concern Sale of Business.

At this stage, it is too early to provide further details with respect to the outcome of the Administration.

An initial meeting of creditors will be convened on 8 December 2021 which will provide creditors with an opportunity to receive an initial update with respect to the Administration.

For further information, contact Ms Jessica Webb via email jwebb@hallchadwick.com.au or by phone on (02) 9263 2600.

SULE ARNAUTOVIC

JOINT AND SEVERAL ADMINISTRATOR

Hall Chadwick Chartered Accountants

Level 40, 2 Park Street

Sydney NSW 2000

Tel: (02) 9263 2600

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