Warehouse1 went down owing over $1.7M to Ingram Micro

Warehouse1 went down owing over $1.7M to Ingram Micro

Warehouse1 was place into liquidation in late February

Ingram Micro, Dicker Data, Bluechip Infotech and Synnex Australia are among the local distributors left owed money by Melbourne-based online technology retailer, Warehouse1, which was place into liquidation in late February.

The company, which claimed a physical retail outlet in Melbourne’s Docklands along with an online store, made a name for itself selling equipment from a number of vendors, including Acer, Dell, Apple, HP and Seagate, among others.

Michael Carrafa and David Stimpson from SV Partners were appointed jointed liquidators of Warehouse1 on 20 February.

According to documents lodged with the Australian corporate regulator, the company entered liquidation owing over $3 million to secured creditors. These include Ingram Micro, which claims it is owed just over $1.7 million.

Also on the list is Dicker Data, owed more than $716,000, Synnex Australia, with a claim of over $87,000, Multimedia Technology, with $89,775 and Bluechip Infotech, claiming $10,225.

It is understood that the debt owed to Dicker Data is fully insured and that the company expects its net exposure to be an insignificant amount after the proceedings have concluded.

The unsecured creditors listed by the company’s liquidators include Alloys International Printer and Hardware, which is claiming it is owed more than $234,000, Compuworld, Freshdesk, Leader and Secure Pay.

According to the liquidators’ documents, the company went down with over $650,000 owing in customer refunds, with the customers in question also being listed as unsecured creditors. It remains to be seen if the customers included in the list will see any return on their refunds.

Warehouse 1 had formerly traded as "Business Bargains", "Genuine Brother", "IT Madness", "Ink for the Office" and "Speedy Shipping", according to the Australian Securities and Investments Commission (ASIC) filing.

On its website, Warehouse1 said that its management team has over 20 years of experience in the online IT and technology industry.

At a general meeting of the members of the company held on 20 February 2018, it was resolved that the company be wound up and that Carrafa and Stimpson be appointed liquidators.

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Tags SynnexIngram MicroDicker Datadistributionbluechip infotechWarehouse1

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