Western Australian PC components distributor Softline Australia Distribution has entered liquidation after being unable to pay debts in excess of $200,000.
Domenico Calabretta and Grahame Ward of Mackay Goodwin were appointed liquidators on December 20, 2016.
Documents lodged with corporate regular ASIC revealed the company sank among a number of debts, including account of more than $10,000 with Avnet, Leader Computers owed $9182, Taiwanese PC case and parts resellers Gigazone International and Casecom Technology, owed $57,000 and $56,000, respectively, and Perth-based PC and parts reseller Storm Computers owed $240.
The company’s director, Casey Lin, is also owed an undisclosed amount.
Founded in 2002, Softline bills itself as a computer distribution and wholesale business. The company offered a product lineup including most of the traditional PC components such as motherboards, CPUs, monitors, memory, graphics cards and accessories, as well as pre-built systems.
According to its company website, Softline employed six people.
Minutes of an extraordinary general meeting of Softline, chaired by Lin, reveal the company resolved to be wound up voluntarily and that a committee of inspection would be appointed.
A valuation of assets initially presented to a creditors meeting estimate there was $18,000 in estimated realisable value.
Mackay Goodwin was contacted for comment.