Metrocom owner of GalaPower shuts down after owing millions to disties

The company is reportedly owing several Aussie-based disties millions of dollars.

Metrocom, owner of GalaPower has gone into liquidation after owing creditors hundreds of thousands of dollars.

A notice of liquidation was published on May 25 saying the company would be wound up and that Christopher Peter Sequeira and Andrew John McCabe be appointed as liquidators.

CRN Australia understands several Aussie distributors are owed millions of dollars from GalaPower’s parent company.

Some of these disties include Dicker Data, Ingram Micro, Tech Data and Leader. CRN Australia has asked reps from each distributor for a comment.

Dicker Data has confirmed it is a creditor and owed close to $2 million. Ingram Micro, Tech Data and Leader declined to comment.

GalaPower was founded in 2023 by “PC enthusiasts and gamers”. The business is based in Melbourne’s south east in Clayton. It also offers an esports hub for its customers.

It specialises in custom gaming PCs, premium hardware, and esports solutions. It sells customised PCs featuring AMD Ryzen and Intel components.

AMD and Intel have both publicly commented this year on how the memory shortage has impacted the respective companies.

This publication has tried to get in contact with Jun Liu, director of Metrocom.

Christopher Sequeira, partner at Wexted Advisors told CRN Australia, "Our immediate priority is to establish a clear understanding of the financial position and asset base of both Metrocom and GalaPower.

“In complex tech and telecommunications insolvencies, time is of the essence to secure and preserve value, and understand competing priority creditor claims.”

Sequeira added that they have already actively engaged with creditors, suppliers, and key stakeholders to ensure transparency throughout the liquidation process.

This publication understands at a meeting last Monday they appointed replacement liquidators. There was reportedly no “reasoning” behind it, the creditors voted to replace the liquidators.

In April this year, ASIC posted a notice of meeting of creditors where several items were discussed a summary of the receipts and payments of the external administrators, and to fix or determine the remuneration and future remuneration of the external administrator.

As of publishing the Metrocom website, metrocom.com.au has a landing page titled “something is happening”.

No word on whether this is a victim of the ongoing memory shortage plaguing the IT channel locally and globally.

This story will be updated as it unfolds.