Maclean creditors mobilise ahead of Tuesday meeting

Leaked letter from Westcon alleges liquidator has failed creditors

Creditors of the failed technology company Maclean Computing are heading for a showdown with liquidator Waterstone Insolvency at a meeting scheduled for Tuesday August 14. 

A letter sent by Westcon to Waterstone on July 27, which the other creditors were copied into, has been leaked to Computerworld.

In it the Cisco and VMWare distributor alleges that Waterstone has “failed” its obligations to the creditors, and asks the liquidator to clarify the timeline and decision making process that lead to the sale of the assets of Maclean Computing Ltd (MCL) to Maclean Technology Ltd (MTL)

The letter claims that Westcon will seek damages against the Waterstone liquidator Damien Grant.

A source close to Maclean Technology has told Computerworld that Westcon is being “aggressive” and attempting to rile up the other creditors because it potentially stands to lose almost $200,000.

Computerworld understands that Westcon received that amount as payment towards a $500,000 debt owed by MCL shortly before it went into liquidation.

Liquidators are able to claw back preferential payments made shortly before a company goes into liquidation, a measure which is designed to prevent liquidated companies from unloading assets into shell companies and short changing creditors.

Read the rest of this article on Computerworld.

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