PC repair agents could be owed $3.6 million by national repair firm NCSS Maintenance Services, as administrators continue to handle the fallout from the company failure.
Dozens of firms have been caught up in the collapse, with some owed a few hundred dollars or less and others up to $100,000 or more in a few cases. The majority of creditors are owed less than $50,000, with many owed less than $10,000.
Companies owed more than $50,000 include Ultima Computer Services, CompuClinic and ConsultingOne
There are upwards of $2 million in debts to major creditor National Australia Bank, the ATO, the director and around 80 staff.
At the first creditors meeting on 5 September, Peter Hillig, a partner at administrator Smith Hancock, said approximately $3.6 million was owed to "agents of the company".
The company has almost 300 creditors and administrators are still working to confirm who is owed what, based on the numbers provided by the directors and the amounts claimed by creditors.
Meanwhile, receivers have dealt with more than 30 interested parties in the hope of selling the business, which supplies repairs nationally for HP.
A notice advertising the sale described NCSS as having a national footprint, with approximately 80 employees and more than 90 service agents, as well as a national network of warehouses, logistics and call centre staff.
The company had a turnover of $11.3 million in the 2014 financial year, having fallen $5.5 million from $16.8 million in 2013, according to this advertisement posted by receivers PPB Advisory.
NCSS has a “blue chip” customer base and has been servicing clients for over 20 years. The company is headquartered in Sydney and provides on-site support, end to end project management and back to base IT repairs.
NCSS went into voluntary administration on 27 August. Receivers were appointed on 1 September.
Another meeting is expected on or before 1 October to receive and discuss the administrators report on the company’s business, property, affairs and financial circumstances. At that meeting, it will be resolved whether a deed of company will be entered into, the administration should come to an end or whether the company should be wound up.
A circular will be forwarded to creditors advising them of the time and place of the meeting, as well as proxy forms for creditors wishing to send a proxy.
CRN contacted NCSS but had not heard back by the time of publication.
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