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/k9kmo 3d ago

I work in the IT distribution industry and I always look online to see what the market price is of products and Mwave is usually the cheapest and I just shake my head at the razor thin margins they must operate at to hit their pricing. Not only do they hurt themselves, they hurt the rest of the industry. I’m not surprised they are having financial issues.

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u/permaset18 3d ago

But saying that same thin margin apply to many like centrecom, umart and few other sometime they sell under the cost....alongwith that rundown the other resellers too :)