Menu
Excom unsecured creditors owed $2.14m

Excom unsecured creditors owed $2.14m

Excom Education’s New Zealand business owes unsecured creditors $2.147 million, preferential creditors $73,000 and secured creditors $7,000, according to an initial liquidator’s report posted to the Companies Office website.

The company ceased trading here on 13 September and has subsequently appointed liquidators Deloitte.

The liquidators say in the report that the values of assets and liabilities were advised by a number of parties dealing with Excom, with the value of liabilities advised by creditors and company management and to be verified. The shortfall to creditors prior to liquidation costs was unknown.

Among the listed creditors are Excom in Australia, Google, Microsoft in Singapore, Novell and VMware International. The liquidators report notes these creditors may not have filed a claim in the liquidation.

Deloitte has written to creditors with security interests asking for details of debts and securities; secured, listed and valued assets and met with employees and company management.

The IT trainer was established locally in 2007. Its Australian counterpart liquidated in late August.


Follow Us

Join the newsletter!

Error: Please check your email address.

Tags excom

Featured

Slideshows

Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Show Comments