“At the time of the administrator’s appointment, ACFS was operating profitably and delivering at a consistently high standard for customers and partners,” Tzaneros said in a media statement released this week. The comments come after Salea Advisory’s Jessica Perri, Anthony Elkerton and Sule Arnautovic were appointed joint and several administrators of ACFS Port Logistics, ACFS Investments 1 and TZI 1 on Thursday. On the same day, BDO’s Andrew Sallway and Duncan Clubb were appointed receivers and managers of ACFS Port Logistics and ACFS Investments 1. The administrators said the receivers would likely undertake a sale campaign for the business and assets as a going concern. For now, ACFS continues to trade under the control of the receivers while options for a sale or restructure are assessed.