ALSTONVILLE-based Flynn Transport has suddenly shut its gates after 27 years this morning, leaving more than 60 people jobless.
Employees were informed at a staff meeting that the business was struggling with debt problems and director and founder Tony Flynn had opted to liquidate the company’s assets.
Mr Flynn told The Northern Star he had made the decision to close only last Monday after discovering that the business was unsustainable due to “legacy tax debt”.
He said the issue wasn’t identified until the company had a “complete overview” of its finances earlier this year.
“We could have kept trading for another six months but there was no point continuing if the business was continuing to rack up debt,”…
Read the full article at: https://www.northernstar.com.au/news/devastation-as-major-northern-rivers-freight-compa/3196232/
