ONE of Australia's leading independent insolvency specialists has been appointed as a voluntary administrator of the MRS Services Group.
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On Wednesday, Bradd William Morelli, Sule Arnautovic and Trent Andrew Devine - from Jirsch Sutherland - were assigned to manage and investigate the affairs of the organisation so that a Sale of the Business, as a going concern and/or Deed of Company Arrangement (DoCA), can be explored.
Their appointment extends over the following companies Holdings (MRS) Pty Ltd, Bachmann Plant Hire Pty Ltd, MRS Property No1 Pty Ltd, Management Resource Solutions Pty Ltd and MRS Services Group Pty Ltd, which is located at Thomas Mitchell Drive, Muswellbrook.
A first meeting of creditors will take place on Monday, September 16.
The MRS Services Group employs approximately 400 staff and is headquartered in Newcastle with operations in the Upper Hunter and Ipswich.
It provides a number of services to the mining industry, including maintenance, civil and labour support.
"It is now the voluntary administrators' intention to continue trading on the business of the MRS Services Group, which includes servicing its various customers and employing its current staff," a spokesperson for Jirsch Sutherland said.
"We're hopeful the business will survive and endure post-administration.
"The administrators are currently in the process of contacting and meeting with all key customers and suppliers to ensure continuity of the business."
