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PCRange goes into liquidation

PCRange goes into liquidation

South Australian networking distributor goes down

PCRange founder and chief executive, Raaj Menon

PCRange founder and chief executive, Raaj Menon

South Australian networking distributor, PCRange, has entered into voluntary liquidation.

The company has appointed accounting firm, Anthony Matthews & Associates, to assist in this process. The liquidator’s senior associate, Tarquin Koch, told ARN that the firm was appointed on Friday, January 8.

“We are preserving as best we can the business for what will hopefully be a going concern sale,” he said.

“We will be advertising the business for sale in both the Adelaide and national newspapers on Saturday. We have already had several expressions of interest from several interested parties.”

Koch said he was hopeful that a sale of the business would be completed in the next three to four weeks.

He went on to say that it was impossible for him to determine the total level of creditors at this early stage in the process as there were several overseas parties that would need to lodge claims.

“They may have claims for damages and I am not sure what those quantums will be until such time as I receive those claims,” he added.

“It will take at least three to four weeks before I have a reasonable estimation of what those claims will be.”

PCRange was distributor of networking products Billion, Minitar and Fritz by AVM as well as It security company, Securalive.

Read more: Gazal Telecom ends up on ASIC wind up list

ARN understands the liquidation includes a number of PCRange subsidiaries, including telco provider SipTalk and iPhone accessory seller PADACS.

PCRange founder and chief executive, Raaj Menon, declined to comment on the liquidation.

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Tags Anthony Matthews & AssociatesTarquin KochPCRangeRaaj Menonliquidation

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