Northern Territory-based freight operator, Nighthawk Transport, has entered voluntary administration, with debts reported to exceed $17 million according to multiple media reports.
The business was placed into administration in February, with restructuring firm McGrathNicol appointed, as first reported by Sky News Australia.
Reports indicate the company may owe creditors up to $17.8 million, including significant liabilities to lenders and the Australian Taxation Office.
According to coverage from Express, the collapse comes just two years after the operator was acquired in a multi-million-dollar deal, highlighting the speed at which financial pressures have impacted the business.
Administrator reports cited by media suggest a…