Retailers have received notice that Centrex Australia – a Sydney, Pymble-based manufacturer of LCD televisions, set-top boxes, microwave ovens, refrigerators and air conditioners – has been assigned an administrator.
The letters, which were distributed today, came from a company called Advanced (Aust) Pty Ltd, which is Centrex Australia’s service division. <\/P>
One retailer told SmartHouse that it was unaware that Advanced Australia covered Centrex Australia’s accounts, since it had received invoices only from Centrex Australia since it had dealt with the company.<\/P>
A creditors meeting will take place next Tuesday 4 September at CTA Business Club in Sydney, at which the financial position of the company and its future prospects will be explained, according to the letter.<\/P>
The shareholders of the company will attend a meeting the day prior, “at which a resolution will be proposed to place the company into liquidation and to nominate a Liquidator.” <\/P>
Calls to Centrex Australia meet with a recorded message to phone either Otim Oluk or Sally Chen, at Jirsch Sutherland creditors office, both of whom were temporarily unavailable for comment. <\/P>
However, Advanced (Aust) Pty Ltd’s directors have provided an initial payment of $25,000 to Jirsch Sutherland.<\/P>
Companies with existing contracts or leases with Advanced (Aust) Pty Ltd or Centrex Australia are urged to contact the creditors. <\/P>
<\/P>
It is unclear if Centrex Australia is continuing to trade through administration. <\/P>
Centrex supplies to The Good Guys, Chandlers, 2nds World, Harris Scarfe, Betta Electrical and Allens Homemaker.<\/P><\/p>\n","protected":false},"excerpt":{"rendered":"
Retailers have received notice that Centrex Australia – a Sydney, Pymble-based manufacturer of LCD televisions, set-top boxes, microwave ovens, refrigerators and air conditioners – has been assigned an administrator.<\/p>\n","protected":false},"author":100,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,55],"tags":[],"class_list":["post-83041","post","type-post","status-publish","format-gallery","hentry","category-archive","category-business","post_format-post-format-gallery"],"yoast_head":"\n