It’s now the end of the road for XL Express. Image: Scott Donkin/adobe.com
Brisbane-based XL Express, which went into voluntary administration in late June, has now gone into liquidation with more than $40 million in estimated debts.
XL Express appointed FTI Consulting on June 27 to conduct an “urgent assessment” of the company’s viability, which also includes 17 other entities under the company’s brand.
The group’s 200 employees were stood down after XL Express was locked out of its Smithfield premises in Sydney’s west in late June, due to rent not being paid, according to its administrators
An ASIC notice on Monday, August 4, confirmed creditors had voted to wind…