ABOUT 100 employees and sub-contractors face an uncertain future after state-wide transport company Kurtz Transport Pty Limited went into voluntary administration this month.
Managing Director David Nothdurft confirmed Monday afternoon the company was in "voluntary administration”, but The Morning Bulletin has since been awaiting a formal response from the company.
Kurtz Transport began as a family-run business in 1922, and currently holds branches across Queensland and Northern NSW including Rockhampton, Gladstone, Brisbane, Toowoomba, Dalby, Chinchilla, Wandoan, Taroom, Roma, Injune, Mitchell, Charleville, Maryborough, Bundaberg and Moomba.
The company was turning over $20 million a year but collapsed under debts in the "millions of dollars” to trade creditors, financiers and the tax office.
The Morning Bulletin also contacted administrators Ernst and Young for comment on Monday, but are yet to receive a response.
However, News Corp today reported Ernst and Young administrator Justin Walsh said buyers had until 5pm today to register interest in the transport company.
He attributed the situation to a downturn in both the mining oil and gas sectors.
"It's becoming common in Queensland and Western Australia that the industries that service those sectors are bearing the lion's share of the pain from a wind-down in activity,” he told News Corp.
Kurtz will continue to trade, and the company's 16 prime movers, 25 rigid trucks and 63 trailers plus its branches will form part of the sale.