Organiser World up for sale after administrators called in
- 24 February, 2010 14:29
- Comments 12
Melbourne-based reseller, Organiser World, has been put up for sale one week after administrators were called into the embattled business.
Joint administrators, Michael Humphries and Steve Dickson from BDO, were appointed to the 10-year-old company on February 17. Organiser World continues to trade while in administration.
A spokesperson for BDO told ARN the business was advertised for sale on February 23. At this stage, it is unclear why the company appointed BDO.
According to its website, Organiser World specialises in a range of mobile computing devices including PDAs, notebooks, external and flash storage, mobiles, networking hardware, navigation tools, IT accessories and Microsoft software. Brands featured include Linksys by Cisco, Seagate, Synology, HP, Asus, Sony, BlackBerry, HTC, Palm, Samsung and Nokia. It was also an Optus dealer.
As well as an online presence, Organiser World maintained a retail shopfront on LaTrobe Street, Melbourne. The company’s owner and director, Steve Sioulas, had not responded to requests for comment at time of press.
Multimedia Technology managing director, John Hassall, said the distributor was a creditor but was owed less than $10,000. Both Synnex and Simms International are also exposed as creditors, but the managing directors of both organisations said they were owed less than $5000. Synnex managing director, Kee Ong, added he was surprised by administrator appointment as Organiser had been servicing its account over recent months.
Simms' Danny Moore expressed disappointment at hearing other reseller business had hit hard times.
“The thing is in this environment, credit insurers are being very careful and more rigourous in their due diligence when you want to expand credit availability,” he said.
Niche distributor Tegatech, and hardware distributor, FortuneTec also confirmed Organiser World was a longstanding reseller partner, but neither claimed to be on the creditors’ list. Meanwhile, an Optus spokesperson confirmed it was a creditor and was working through the standard process with BDO.
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Comments
Daniel
Very sad to hear...
All the best to everyone...
Rick
Simms and Synnex are owned less than $5000? Whose leg are they trying to pull... More likely 10 times that amount.
Liam
Nope that was pretty accurate, being an employee i'd know; rather than speculating like yourself.
cat
this is very sad, I have bought several smartpbones and accessories from ow. recommended family & friends, all cash payments business. liam & john were good sales persons, helpful etc.
Ant
very very sad. i like OW. phones were live to test out and great prices on certain items! good luck all and thanks for helping me out when i visited the store!
Paul
Also sad to see this happen - have bought a few things from OW over the last few years. Staff were always friendly and the prices were fantastic.
Steve
As a company director, I found OW the best in the technological business. I once drove from frankston to their shop to buy a customer a PDA, they even let me test some software on the deviec tomake sure that nodel worked. That is service.
However I did express my concern over the last 12 months when they updated their website that it was Referer'd to death, my company nor our clients go do business online anymore.
All the best OW, hoe to see you back online soon.
Sid
This is really unfortunate. My friends and I have purchased a number of items from OW as they been pretty good with the service and price. I was just planning to purchase another item from OW, but since last week their website was "closed for maintenace". Quickly google OW, and found this article.
Anyway, all the best OW.
Neil
I'm very sad to hear of OW's closing. In my oppinion they were the absolute best at providing open & honest service. I found the company online from Brisbane & the assistance was fantastic. I reccomended many friends to go to them. I purchased all of my mobile needs from them. Very sad. The staff were so knowledgeable & helpfull, hard to find these days. All the best OW.
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G.Kary
Very sad indeed, I go back to the 90's "Sharp Zaurus" days when Richard the first owner, started up OW in a little shop, a few shops up the hill from where OW is now, always been a great shop to do business with.
fred
just saw this while searching; also sad if they have really gone; great store to buy hard to find stuff eg metal cases for organisers, fold up key boards etc
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