Brisbane connectivity and industrial networking provider Ethernet Australia has entered voluntary liquidation, with debts totalling close to $3 million.
The company ceased trading after key supply contracts with customers were terminated without warning, and appointed liquidator David Clout and Associates on 28 October, with a creditors meeting taking place on Tuesday 8 November.
As part of their investigations, liquidators are in the process of estimating the company’s value.
The companys biggest debt is to Appledore Holdings, which according to a creditors report is owed $2.48 million. Easy World Technology, which CRN understands is a telecommunications distributor based in the Middle East, is owed $30…
Read the full article at: http://www.crn.com.au/news/brisbane-networking-reseller-liquidated-as-customers-terminate-orders-without-warning-441005
