Scott's Refrigerated Logistics

One of Australia's biggest trucking companies has gone bust, leaving up to 1500 jobs at risk.

One of Australia’s biggest trucking companies has gone bust, leaving up to 1500 jobs at risk. Scott’s Refrigerated Logistics - one of Australia’s biggest trucking companies - goes bust leaving 1500 jobs at risk

One of Australia's largest trucking fleets has gone into receivership, leaving up to 1500 staff facing an uncertain future. Scott's Refrigerated Logistics ...

“We will work closely with the receivers and managers to try and ensure we have a viable business going forward and we will do everything we can to protect your interests,” Capp told staff in an email sighted by Big Rigs. Nicholas Capp, Scott’s CEO and managing director, told staff that the receivers will work with key customers to continue to support the business during the sale process. “Right now, we are seeking support from all customers to give the business the best chance of being sold to a new long-term owner.”

An investment firm has been tasked with finding a new owner for national cold chain company, Scott's Refrigerated Logistics.

The transport and logistics business was in the process of Scott Langdon, a Partner at KordaMentha, is reported to be looking for a new owner for the business in the near-term. The iconic road transport operator and warehouse specialist, based in New South Wales, has been in operation for more than 70 years.

One of Australia's biggest trucking companies, Scott's Refrigerated Logistics, has gone bust — threatening about 1500 jobs and supermarket supply chains.

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The Transport Workers Union says it will work with receivers to ensure workers are prioritised after Australia's largest cold chain transport operator goes ...

"The 1,500 workers are being paid tomorrow – on time – and we are now immediately commencing a sale process to find a new owner for the business." "The TWU is working with KordaMentha to ensure workers are prioritised in what we hope will be a sale to a responsible buyer." A Coles spokesperson said the company was aware of the challenges Scott's Refrigerated Logistics was facing.

The company providing refrigerated trucks and warehouses to the supermarket giants, and 1500 jobs to Australians, has gone bust.

“It’s a tough time going through administration and receivership, but the receivers are fully supportive of commencing a sale process,” he said. “All of our subbies (sub-contractors) got paid overnight, and our employees are about to shortly be paid,” Langdon said. “We need to get all of our customers on board - some of the biggest Australian food providers are customers of the business,” he said. “This is a real great opportunity for some of Australia’s biggest corporate providers to actually work together to see if we can keep this business afloat,” he said. [One of the largest trucking companies](https://7news.com.au/business) in Australia has gone into receivership - [putting up to 1500 jobs at risk.](https://7news.com.au/news/australia) [refrigerated delivery and storage services for supermarket](https://7news.com.au/lifestyle/supermarkets) giants [Woolworths](https://7news.com.au/lifestyle/woolworths), [Coles](https://7news.com.au/lifestyle/coles), [ALDI](https://7news.com.au/lifestyle/aldi) and IGA but the administrator KordaMentha says [the company’s problems won’t affect what’s available in the frozen food aisle.](https://7news.com.au/lifestyle/shopping)

Directors of the collapsed chilled-goods trucking outfit Scott's Refrigerated Logistics feared the possibility of going broke last year after problems ...

“The existing cash position of the consolidated entity and recent trading conditions have resulted in some risk as to the future cash flow … Some chains purchase goods from producers, storing the inventory at a Scott’s cold storage warehouse, which then goes to supermarkets. These were “challenging trading conditions due to operational and demand disruptions”. Sources with knowledge of the accounts said such fees were suspended before that financial year ended. But that result included high levels of depreciation and amortisation and finance costs. Attempts were being made to clarify the total investment from Anchorage. The transport outfit called in administrators from McGrathNicol on Monday. It said being able to continue as a going concern was based on operational and funding solutions being “achieved and that the realisation of assets and settlement of liabilities will occur in the normal course of business”. But the pandemic and flooding’s disruption of supply chains and an inability to pass on rising costs led to the appointment of the administrators, it said. being dependent on a combination of the following solutions: additional borrowings from shareholders to meet short-term working capital requirements; continued availability of funding from shareholders and external finance providers,” the accounts said. But the business was suffering “net operating cash outflows” since June 2021 and relying on “borrowings from shareholders to meet short-term working capital requirements”, the accounts said. Anchorage had received almost $420,000 in “monitoring and management” fees from Scott’s in the 16 months to June 2021, the accounts show.