insolvency specialists Dye and Company have been appointed as liquidators for IT education provider Excom Education.
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According to documents filed with the Australian Securities and Investment Commission (ASIC) today, Roger Grant, Victor Dye and Nicholas Giasoumi of melbourne-based Dye & Co were appointed liquidators after a meeting in which the two directors and founders of Excom, Sydney-based Graeme Newey and Melbourne-based Paul Koukounaras, agreed to wind up the company.
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The Commonwealth Bank of Australia was listed as a chargee (mortgagee) of the company. Also listed was CBFC Ltd, a fleet car financing company wholly owned by the CBA.
Excom closed its doors to students early this morning. The company’s management has informed vendor partners…