News story

Forklifts Australia up for sale

Thursday, 12 March 2009 ( #401 ) - Adelaide, South Australia, Australia
[image|/upload/gallery/3429.jpg|David Clayton of Forklifts Australia.
Photo: Forklifts Australia|AlignRight]Adelaide dealer Forklifts Australia is up for sale as a going concern after being placed under voluntary administration earlier this month.

The company, previously run by managing director David Clayton, ran into cash flow problems due to "non-payment for ordered goods by customers".

Clayton tells Forkliftaction.com News that the company had two major orders cancelled without payment as a result of the economic downturn, leaving Forklifts Australia stuck with the stock.

According to the appointed administrator, Meertens, the company has an annual turnover of AUD4.3 million and includes an existing rental fleet of 62 units, comprising new and used forklifts and walkie stackers.

Other dealerships and agencies are available as part of the sale including the complete Karcher commercial/industrial product range along with WWP, Heli, Feeler and Hyundai products.

Last week, Forkliftaction.com News reported on the demise of forklift supplier Rapid Equip Service, Sales and Hire of Riverstone, New South Wales.

The company went into voluntary administration (VA) in late 2008, but, without a proposal to creditors on how it could continue to trade, was placed in liquidation (Forkliftaction.com News #400).
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