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ILCO Transit - Payment trends
- Thread starter jonny-chicken
- Start date
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We slowly stopped using them as well, familiar names stopped appearing and payments became very slow receiving plus rates went to shit! We have one invoice outstanding, and I would like to know how we will recover that if anyone has any further information that would be greatly appreciated - I will likely attempt to contact the customer directly with all this information.
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In Sept 2025 Ilco Transit was listed as an unsecured creditor for a company called Jade Equipment, a division of Elvaan Group, who manufactures road equipment. Jade Equipment was deemed insolvent and KPMG was named as the Receiver.
Ilco Transit was owed over $25,000, which to any Freight Broker, would be a significant kick to the teeth had they paid out all the carriers and waited for the funds to be paid. This may be one of the reasons why they have gone silent.
You can find this information here:
Ilco Transit was owed over $25,000, which to any Freight Broker, would be a significant kick to the teeth had they paid out all the carriers and waited for the funds to be paid. This may be one of the reasons why they have gone silent.
You can find this information here:
