In an email received by ILN sister publication ConstructionIndustryNews Thursday, Skelton Sherborne director Brad Skelton said Deloitte had been appointed by HSBC bank to oversee the sale of the firm.
Though the firm’s financial demise was not entirely clear, Skelton said the company was trading “very profitably” and had done so for the past four months.
Skelton was apologetic for any hurt the company’s demise had caused to clients and suppliers.
“I know this receivership is hurting people,” the email revealed.
“I humbly, humbly apologise to my team, our clients and suppliers who have been hurt or affected by what has transpired with Skelton Sherborne over the last nine days.”
According to Skelton, Deloitte had advised that the business would keep trading while it was offered for sale.
"Our goal is to have the receivers, Deloitte, complete their task as fast as possible for HSBC so my team and I can then take back over and try to salvage the business and take it from there," Skelton said today.
"We respect that Deloitte are still running a sales process in the background for which they have received expressions of interest already."
Based in Australia, Skelton Sherborne has been in the business of moving heavy equipment around the world since 1919.
Deloitte was contacted for comment but could not be reached before publishing deadline.
