In my opinion it started going downhill when Jayrow started to concentrate solely on the Offshore side of the business.
They sold off the fire contracts and machines that had built the business up doing Bush/utility work. They stopped doing Bush work out of Karratha even though the phone was ringing and clients were looking for machines for Exploration etc. This work has been picked up by other operators who are doing very very well out of it.
So cut to 2010 and the Offshore work stops, in my opinion due to the hangar saga at YPKA. The offshore clients wanted someone who at least had a roof over their head.
With nothing to fall back on in the Pilbara the whole operation ceased.
As far as I know the NT has and always will be busy so maybe the operation should regroup up in Darwin and try to start winning back work and making money. Sell off everything that you can't do bush work in and start again.
but what would I know, I'm just an outsider looking in.