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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags excom

Events

Featured

Slideshows

Channel kicks 2021 into gear as After Hours returns to Auckland

Channel kicks 2021 into gear as After Hours returns to Auckland

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Pantry at Park Hyatt in Auckland to kick-start 2021.

Channel kicks 2021 into gear as After Hours returns to Auckland
The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Show Comments