New company rises from Maclean Computing liquidation
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Chris Maclean teams up with businessman Matthew Bellingham for Maclean Technology Ltd, with customer-base and staff likely to remain intact
By Simon Eskow | Auckland | Wednesday, 18 July, 2012 | 10 Comments
The customer-base and staff of Maclean Computing (MCL), which went into liquidation last Friday, is expected to remain intact with the formation of a new company.
Chris Maclean joined forces with businessman Matthew Bellingham to purchase the assets from MCL's liquidator. The new company, Maclean Technology Ltd, will most likely hire on MCL's employees, and will remain in the company's current location.
According to Maclean, the liquidation was a consequence of a theft by a former financial controller, a debt the company discovered in early 2010, but could not recoup, especially in light of the financial crisis.
"It is sad to see Maclean Computing disappear but we’re also very positive about being able to get out there and play our part in the industry without the concrete boots of debt slowing us down,” Maclean told Reseller News this afternoon. "Although it seems to have brought out the true colours in some of our competitors, we’ve been delighted in general with the response of the industry, staff and customers."
Maclean says the liquidation of MCL will undoubtedly mean losses for some creditors.
"We are extremely sorry for this as they were all valued suppliers and the last thing we wanted to do was for them to miss out," he says in a statement. "We tried absolutely everything to sort this out including hundreds of thousands of dollars from the wider family. All that is now lost, and there is nothing good about that.
Maclean says competitors have been very active since the announcement of the liquidation earlier this week, including Code Blue.
Comments
comments
Please note that comments which are considered to be in breach of defamation law will be deleted.
The comments thread on this article will close for the weekend and re open on Monday.
Sarah Putt
Editor
Computerworld
Posted by Sarah Putt at 14:58:12 on July 21, 2012
The comments thread on this article will close for the weekend and re open on Monday.
Sarah Putt
Editor
Computerworld
Posted by Sarah Putt at 14:58:12 on July 21, 2012
SHOCKED Partying at a bar last night
Directors were down at a prominant Auckland bar yesterday celebrating the success of this.
Posted by Concerned beer drinker at 11:16:48 on July 19, 2012
Posted by Concerned beer drinker at 11:16:48 on July 19, 2012
only a minor contributor
the dodgy accountant, who took the money from under their noses (while they were out living it up large on their creditors money) only took $500K, how many years did they run at a loss? Maclean claims there was $100's of thousands of family money put in so that must come clsoe to netting out the loss from the theft. Surely after 20 years the retained earnings were higher than $500K? Take it on the chin it was poorly run, and stop trying to pass the buck.
Posted by Anonymous at 20:30:08 on July 18, 2012
Posted by Anonymous at 20:30:08 on July 18, 2012
Learn how the world works........
Bellingham is the nominal trustee for Macleans family trust, he is just their chartered accountant. Once again computerworld you get it wrong!
Posted by Anonymous at 20:23:32 on July 18, 2012
Posted by Anonymous at 20:23:32 on July 18, 2012
very legal
yes - very legal however some could argue how ethical or moral it is with the assumption (purely an assumption) that creditors are left out of pocket. Meanwhile the new co. with technically new directors retains (technically) the customer/service base and continues as business-as-usual. I guess out of this the disties and their customers will ultimately decide if this was the right move morally.
Posted by spectator at 18:54:33 on July 18, 2012
Posted by spectator at 18:54:33 on July 18, 2012
very legal
seems totally unethical to me. If only we could all walk away from our concrete boots of debt and start anew ... my moral compass wouldn't let me get far.
Posted by Troublewiththeworldtoday at 19:10:40 on July 18, 2012
Posted by Troublewiththeworldtoday at 19:10:40 on July 18, 2012
very legal
What would the creditors want? to wind up the company and try and sell the assets to a third party (read: delays and risk of low price and unsecured creditors get almost nil) vs a quick deal that secures some money for the creditors.
A bird in the hand is better than two in the bush.
Posted by Cameron at 19:16:28 on July 18, 2012
A bird in the hand is better than two in the bush.
Posted by Cameron at 19:16:28 on July 18, 2012
very legal
The true test here is if they will re-pay the creditors from the old liquidated company - I suspect not. That's why they went into liquidation.
Certainly a sad sate of affairs that one employee can bring down a whole company, i hope they are doing time for what they did - slap with a wet bus ticket i suspect.
Customers and supplier will ultimately decide where the new company will survive or be liquidated in the next 6 months again. Cash flow is king and i would imagine the new company will be short of the folding stuff for a while yet.
Posted by Anonymous at 19:34:51 on July 18, 2012
Certainly a sad sate of affairs that one employee can bring down a whole company, i hope they are doing time for what they did - slap with a wet bus ticket i suspect.
Customers and supplier will ultimately decide where the new company will survive or be liquidated in the next 6 months again. Cash flow is king and i would imagine the new company will be short of the folding stuff for a while yet.
Posted by Anonymous at 19:34:51 on July 18, 2012
very legal
a quick search on the companies.govt.nz register will give you all the info. New director was not a director of old co. therefore very legal. Also been in the pipeline since nov 2011 according to official doc.s lodged.
Posted by spectator at 19:49:08 on July 18, 2012
Posted by spectator at 19:49:08 on July 18, 2012





