Liquidators at Deloitte are winding up the process of dismantling the businesses under the Bosnjak Holdings banner several years after
Liquidators at Deloitte are winding up the process of dismantling the businesses under the Bosnjak Holdings banner several years after the businesses entered into voluntary administration.
Last week Deloitte posted a notice inviting formal proof of debt or claim for the Bosnjak businesses – which includes Parramatta Bus Co, St. Mary’s Bus Co, Bosnjak’s Coach Lines, Smithfield Coach Imports and Bosnjak Holdings.
Deloitte spokesman Ian Bedwell says the voluntary administration of the Bosnjak businesses is being completed, which includes the sale of the group’s assets.
“[The businesses] have been in voluntary administration for a number of years now,” Bedwell says.
“All the creditors have been paid out in full, and now it really just is a formal process of the voluntary liquidation of the shells of the entities that have been involved.
“Once we’ve got the clearances back from the taxing authorities and the like, we’ll make a distribution back to the shareholders.”
In 2005 the Administrators of the Westbus Group – owned by Bosnjak Holdings, trading as Westbus, Hillsbus, Glenorie and Blue Ribbon Coaches – were sold to a joint venture arrangement between Cabcharge Australia Limited and ComfortDelGro Corporation Limited for $106.7 million.