Aspirations New Zealand, an Auckland-based reseller, has been put into liquidation as of 28 October.
The company owes Acer New Zealand more than $200,000 and has assets amounting to only $70,000, according to the liquidator’s report.
Acer New Zealand is a wholly owned subsidiary of Acer Singapore, and as such isn’t too worried by the collapse.
“While it’s not very good, it won’t cause us to fall over,” says Acer’s marketing manager, Duncan Glynn.
Acer is still evaluating exactly how much money Aspirations owes, but puts the figure at around the $227,000 mark, making Acer the largest of the unsecured creditors.
The liquidator’s report also points to former director Daniel Smith as one of the root causes of Aspiration’s collapse. The other director, Glenn Turner, lists three factors leading to Aspiration’s failure: excessive overheads, low sales and “unauthorised drawings from the company by a former director”. Smith is listed as having $39,000 worth of company assets which are still to be accounted for.
Anyone who purchased an Acer product from Aspiration can use one of Acer’s nationwide service centres if they need to, says Glynn. He says users should not be affected by the collapse.
Aspiration’s collapse follows hot on the heels of PC General and Lowe’s Technology, both of which folded in the last month.