Ripped off: Over 1800 customers out of pocket after E-Store collapse
- 17 April, 2003 16:40
More than 1,800 creditors of failed online retailer E-Store will not receive the goods they paid for, according to a notice sent by company liquidators.
Liquidators Star Dean-Wilcocks’ notice to creditors, dated 11 April and obtained by PC World, says E-Store had limited funds at the time the liquidators were appointed and “as such you (customers) will not receive the goods you have ordered”.
The notice said these unsecured creditors also included “a significant number…[who] may have ordered items over the E-Store Web site however have not yet taken delivery of these goods. We further understand you may have paid for those goods by way of credit card”.
The 1,800 unsecured creditors include customers who ordered goods from E-Store before the company’s first collapse in 2001.
E-Store has been operated by Gerard Farley for the last 18 months under a deed of company arrangement with Star Dean Wilcocks. The insolvency experts had been acting on behalf of the company’s original creditors from its first collapse in 2001 under founder, Steve Spilly. Star Dean Wilcocks were appointed E-Store’s liquidators on 9 April.
The notice said creditors will only receive further notices if payment of a dividend is to be announced.
The liquidators could not be reached for comment. However, a spokesperson from Star Dean Wilcocks said there had been “a fair bit of interest” in buying the company following a 'Business for Sale' advertisement placed in major newspapers from last Saturday.
Included in the ads was the claim that the company had “significant sales and advertising revenues achieved over [the] last three years”. The ad also said an information package would be provided to parties who executed a Confidentiality Deed, with a refundable bond of $1,000.