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Management Resource Solutions Still Hopes To Buy Some MRS Group Assets

Tue, 12th Nov 2019 18:42

(Alliance News) - Management Resource Solutions PLC said on Tuesday that administrators have accepted an offer for the sale of all the plant and equipment of Bachmann Plant Hire Pty Ltd and MRS Services Group Pty Ltd.

The company said the administrators have now recommended that in the absence of a more attractive solution, the Australian companies will be placed into liquidation which would result in the entire workforce being made redundant.

Accordingly, the company has lodged a proposal to purchase some assets and liabilities of MRS Services Group and would need GBP2 million in order to fund the proposal.

The company said details of the capital raise will be put to shareholders once finalized.

By Loreta Juodagalvyte; loretajuodagalvyte@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Management Resource Solutions subsidiary wins Aussie federal contract

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Management Resource Solutions Buys Engineering Facility For GBP1.7 Million

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3 Apr 2018 11:57

Management Resource Director Burton Steps Down, Exercises Warrants (ALLISS)

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18 Jan 2017 13:18

Management Resource Solutions reports larger loss, turns down new meeting request

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9 Jan 2017 10:27

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21 Dec 2016 09:18

Management Resource Solutions appoints Joe Clayton CEO

(ShareCast News) - Mining industry veteran Joe Clayton has been appointed chief executive of AIM-listed mining services provider Management Resources Solutions, with immediate effect. Clayton, a qualified mining engineer and a fellow of the Australian Institute of Mining and Metallurgy, has over 40

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21 Dec 2016 08:51

Clayton Becomes Permanent CEO Of Management Resource Solutions

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29 Nov 2016 15:45

Management Resource Solutions Opens Invoice Facility Amid Cash Squeeze

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9 Nov 2016 11:35

Management Resource Solutions closes unit after contract issues

(ShareCast News) - Management Resource Solutions, the Australia-focused equipment and construction services group, has closed its consulting business after terminating its last, lossmaking contracts, with management saying they plan to take to the courts to try and recover "several million dollars"

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3 Nov 2016 14:50

Management Resource Solutions Continues Investigation Of Legacy Issues

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30 Sep 2016 11:13

Management Resource Solutions completes AU$6.12m acquisition of SubZero

(ShareCast News) - Oil and gas service provider Management Resource Solutions (MRS) completed the acquisition of several assets from SubZero Group, an Australian mining service company, for about AU$6.12m. The acquisition is to be part funded from the issue of over 7.5m shares at €0.01 each, subject

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Management Resource Solution gobbles up SubZero Group

(ShareCast News) - Management Resource Solution announced on Thursday that it has entered into an exclusive agreement to acquire the core assets of the SubZero Group for a total consideration of AUD 6.12m. The AIM-traded firm said the conditional asset sale agreement has been made on exclusive terms

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Management Resource Solutions Wins Deal To Demolish Australian Plant

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