MRS Services Group has gone into Voluntary Administration.
As of Wednesday this week, September 4, Bradd William Morelli, Sule Arnautovic and Trent Andrew Devine of specialist insolvency firm Jirsch Sutherland have been appointed as Voluntary Administrators of the MRS Services Group.
The company employs approximately 400 staff and is headquartered in Newcastle with operations in the Upper Hunter Valley, NSW and Ipswich, QLD and provides maintenance, mining, civil and labour support to the mining industry.
The company doesn't have any comments on why the action has been taken and at this stage the administrator says the doors will remain open and no jobs will be lost.
Jirsch Sutherlands said in a statement that they "have been appointed to manage and investigate the affairs of the MRS Services Group so that a Sale of the Business as a going concern and/or Deed of Company Arrangement (DoCA) can be explored".
"It is the Voluntary Administrators’ current intention to continue trading on the Business of the MRS Services Group during the Voluntary Administration period, which includes servicing its various customers and employing its current staff,"
"The Voluntary Administrators are hopeful that the Business will survive and continue post administration and are currently in the processing of contacting and meeting with all key customers and suppliers to ensure continuity of the Business."