TLC IT Group appoints liquidators

Melbourne-based TLC IT Group has called in the liquidators to manage the company's debts following a restructure.

Chartered accountant RSM Bird Cameron Partners was appointed on April 16 following the agreement of "company members" to voluntarily wind up the company.

A summary of the integrator's assets and liabilities compiled by the liquidator that it filed with ASIC and seen by CRN showed the integrator owed creditors $527,962.08.

What TLC IT Group owed its creditors:

• Anderson Rice Lawyers $1925
• Exonet Services $23,183.25
• Avnet Technology $395.28
• Alan Chapman $2138.48
• Jan Chapman $100,000
• Craig Boyle $19,727.27
• TLC Data Security $245,252.76
• ATO $135,340.04

The liquidator has not returned CRN's calls seeking comment.

TLC IT Group has a 100 percent stake in TLC IT Managed Services, 40 percent stake in TLC IP Networks and 55 percent of TLC Data Security.

ASIC documents showed TLC Data Security was also being wound up. On March 25 this year, distributor Avnet Pacific filed a NSW Supreme Court order in the matter for what CRN understood was unpaid debts owed by TLC Data Security.

It has emerged that former director and shareholder of TLC IT Group Jan Chapman is in a dispute with his brother and managing director of the company, Alan Chapman.

Alan Chapman, managing director of TLC IT Group, told CRN that he called in the liquidators following a company restructure.

He said that TLC IT Group was an "administrative company, which provided administrative services to the other companies".

"We have a company called TLC IT Group, which we haven't done anything with for years, so we shut it down. It's a non-trading company," he said.

"We got too complex as a group and we had to simplify it."

"We're shutting down Data Security as well because that's non-trading as well."

TLC IT Managed Services and TLC IP Networks will continue trading, he said.

Former company director, Craig Boyle, who resigned as a director of the company last October disputed the claim that TLC IT Group was an "administrative company".

He told CRN that he believed TLC IT Group was a trading company.

"It was actually the company that Alan (Chapman), Jan (Chapman) and myself held shares in," Boyle said.

"That company owns IT [TLC] Managed Services and  [TLC IP] Networks, it was the trading company. That's why it's got taxes associated to it."

A meeting of the creditors of the company will be held next Tuesday.