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Collapsed Canberra IT company saved by purchaser

By 16 April 2014 3

dataflex

Local IT service provider and reseller Dataflex has been purchased by VTS IT Group, with the transaction including the trading name, customer list and some staff.

The company was placed into voluntary administration earlier this year.

Dataflex has a substantial history of contracts with government departments and reportedly made around $35 million in sales in the 2012-13 financial year. Founded in 1987, the company is based in Barton with offices also in Brisbane, Sydney and Melbourne.

Dataflex employed around 40 people before the administration. Administrators made about 10 staff redundant, admitting the company did not have enough assets to meet staff entitlements.

The new owner will reportedly look at re-hiring employees from Dataflex’s Sydney, Brisbane and Melbourne offices who were let go when the company collapsed.

Founder and director Brian Evans will remain with the company, which will continue to trade under its own name.

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3 Responses to Collapsed Canberra IT company saved by purchaser
#1
screaming banshee6:03 am, 17 Apr 14

Why as a creditor do I find out about these things through the media up to two weeks before I get anything from the company/administrators?

#2
Nylex_Clock8:27 am, 17 Apr 14

screaming banshee said :

Why as a creditor do I find out about these things through the media up to two weeks before I get anything from the company/administrators?

Would you like the administrators to be hiring more staff to do PR work composing and mailing out thousands of glossy brochures at daily intervals, all paid for out of the dwindling amount of assets that will ultimately be used to return to you some of the money you are owed?

#3
screaming banshee7:27 pm, 17 Apr 14

Yeah ’cause a letter is so hard to send out. As it stood Brian managed to tie up his assets in his superannuation trust and apparently doesn’t own his expansive red hill property. He’s done a bang up job of ensuring that he and his family super fund are secured creditors and leveraging independant contractors and small business that don’t have the stringent credit control procedures in place to put themselves at the top of the list for payments, so it was pretty much already a given that if they had been wound up we wouldn’t have received a cent.

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