Excom enters liquidation

 

Dye and Company appointed to wind up company.

Insolvency specialists Dye and Company have been appointed as liquidators for IT education provider Excom Education.

According to documents filed with the Australian Securities and Investment Commission (ASIC) today, Roger Grant, Victor Dye and Nicholas Giasoumi of Melbourne-based Dye & Co were appointed liquidators after a meeting in which the two directors and founders of Excom, Sydney-based Graeme Newey and Melbourne-based Paul Koukounaras, agreed to wind up the company.

Related

The Commonwealth Bank of Australia was listed as a chargee (mortgagee) of the company. Also listed was CBFC Ltd, a fleet car financing company wholly owned by the CBA.

Excom closed its doors to students early this morning. The company's management has informed vendor partners and staff, but at this stage has not returned calls from reporters.

Rival training companies including Dimension Data Learning Solutions and Advanced Training have offered students opportunities to finish courses at their institutions.


Copyright © iTnews.com.au . All rights reserved.


Excom enters liquidation
 
 
 
Top Stories
Earning the right to innovate
Breaking down the barriers to innovation is a long, but rewarding process, says Bank of Queensland Group CIO, Julie Bale.
 
A call for timely reporting
[Blog post] Businesses need incentives to keep customer data secure.
 
Doubts cast on Queensland's ICT Dashboard
Opposition, former Govt CIO say it can't be trusted.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Have customers that won't pay debts?
Jul 10, 2014
The ACCC and ASIC have updated their advice when it comes to collecting debts.
Carpet cleaner faces court over online testimonials
Jul 4, 2014
The ACCC has initiated proceedings against A Whistle (1979) Pty Ltd, the franchisor of Electrodry...
You can now get 15GB of free online storage using Microsoft OneDrive
Jun 25, 2014
Cloud storage has reached both the capacity and price where it's a viable alternative to local ...
Another clever trick you can perform with Xero
Jun 25, 2014
Here is another way to reach out to particular subsets of your customers using Xero.
Have a phone, tablet and laptop?
Jun 20, 2014
This new Telstra pre-paid 4G mobile hotspot might be useful if you regularly need to use fast ...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  26%
 
Application integration concerns
  3%
 
Security and compliance concerns
  29%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  22%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  5%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 840

Vote