One of Australia’s most dramatic technology sector collapses has left some of the nation’s largest IT distributors facing losses exceeding $14 million, raising serious questions about credit controls, supplier exposure, and how a relatively small Victorian retailer was able to accumulate such substantial debts in just a few years.
Metrocom AU Pty Ltd, the owner of Melbourne-based gaming PC retailer GalaPower, has entered liquidation with total liabilities believed to be approaching $40 million.
Among the hardest hit are some of Australia’s biggest technology distributors. Documents obtained by ChannelNews reveal that Tech Data ANZ is owed $4.1 million, Leader Computers $7.4 million, Dicker Data $1.86 million,…