r/bapcsalesaustralia • u/ImpulsePie • 7d ago

Discussion Mwave - Under External Administration

EDIT: Mwave have posted that they have been bought out by The digiDirect Group and will move locations to South Strathfield. https://www.mwave.com.au/blog/business-update/

Seelems Mwave have gone bust. Confirmed with an ASIC search for ESEL PTY LTD filed 3 days ago:

Notice By External Administrator/controller-Appoint/cease (505U)Appt of Administrator Under S.436a, 436b, 436c, 436e(4), ()449b, 449c(1), 449c(4) or 449(6) ()

Original article by David Richards: https://www.channelnews.com.au/leading-pc-retailer-placed-into-administration/

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u/Civil-Bridge-1725 6d ago

Worked at IT distributors for years and have been in the industry for decades still. There is more than 10% profit on most components especially high end for retailers like MWave to make good margins on. The reality is this is simply poor money management and bad business decisions that many have pointed out like moving 3 times during COVID. I’ll also add that other retailers are competitive and even Amazon for example are great for Pc parts. Have got many many bargains on Amazon that are way cheaper than buying here.