Avid Resources

The sale of RCR Tomlinson’s Western Australian operations is complete, with RCR Resources, RCR Power and RCR Water West sold to AvidSys Group for an undisclosed sum.

NSW's Downer EDI has sold its remaining mining services assets to a joint venture that includes Perth-based AvidSys Group for $150 million in cash.

AvidSys Group's engineering subsidiary, which comprises three businesses formerly part of RCR Tomlinson, has laid off more than 100 employees after falling into administration.

Osborne Park-based Decmil Group is chasing Avid Australia for more than $1.3 million it claims it’s owed for works at Rio Tinto’s Mesa mines, just one week after Avid's subsidiary went bust.

Avid businesses may have been insolvent as early as November 2019, administrators believe, with underquoted tenders and a Decmil dispute contributing to the demise.

The state’s tax collection agency has lodged a winding up order against AvidSys, three months after related Avid entities entered administration.

Unsecured creditors of Avid Resources are likely to receive nothing, but liquidators have said they will consider an insolvent trading claim.

Decmil remains locked in a bitter battle with Avid Australia over $1.3 million in bills subsidiary Avid Resources disputed before its collapse.

Decmil has won its court stoush with Avid Australia over $1.3 million in unpaid bills Avid Resources contested before its collapse, ending a six-month long legal battle.

When administrators from Deloitte walked into the West Perth offices of WBHO Infrastructure in February, they knew speed would be critical to rescuing the business.

A probe has cast doubt over AvidSys's ability to repay $1.3 million to contractor Decmil after it was revealed the company's debts exceed $26 million.

A year-long court stoush over a $1.3 million bill has come to a dramatic end, with contractor Decmil succeeding in its bid to wind up Avid Australia Holdings.