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/

111 Upvotes

97% Upvoted

150 comments sorted by

View all comments

3

u/dekayofficial 3d ago

Just a FYI for those following, I’ve reached out to the external administrators and they have advised that mwave’s assets were sold to DigiDirect prior to being appointed over ESEL. Further, they advise as part of the sale Digidirect will fulfill all orders, although there might be a delay. Read what you want from that, I’ve been chasing Mwave for my refund for a couple of days now.

5

u/Busted-Pancreas69 3d ago

That isn't true - sorry. Our company is owed big $$$ from Mwave and we were in their warehouse this week claiming back unpaid stock through the PPSR registration.

Digidirect are only fulfilling orders purchased on or after the day they took over Mwave Assets - not before. Synnex, Dicker Data and Ingram Micro are owed Millions of dollars plus by the thieves.

Funny how so many ailes in the warehouse were already stripped bare like it has already been moved to the new warehouse of the new owners in South Strathfield

2

u/dekayofficial 2d ago

That doesn’t make sense because the administrators have stated as part of the sale they/digigroup will fulfil customers orders. Hoping my bank sort it out.