BDS Group Managing Director Harry Rathour has shared his account of why the melbourne-based company he started from scratch in 2014 was placed into liquidation last week.

Six entities under the group – BDS Express Trading, BDS Tyres, BDS Express Services, BDS Express Operations, BDS Express Holdings and BDS Assets – entered liquidation on Tuesday, November 11. It is unclear how much creditors are owed and how many staff have been impacted.

In a statement and video posted to his company’s social media pages, the former truckie stressed the collapse of the national logistics company and its entities came as a shock and has drained his personal finances dry.

“I want to make it absolutely clear: this liquidation was not pre-planned,” Rathour said.

“If that were the case, I would never have invested all of my personal reserves back into the company over the past year. I did everything in my power to save the business.”

Rathour said the financial collapse began back in November last year when BDS unexpectedly lost its main steel contract, a contract the…