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  Centrex Enters Administration

By Sarah Falson | Monday | 2007-08-27

Retailers have received notice that Centrex Australia – a Sydney, Pymble-based manufacturer of LCD televisions, set-top boxes, microwave ovens, refrigerators and air conditioners – has been assigned an administrator.

The letters, which were distributed today, came from a company called Advanced (Aust) Pty Ltd, which is Centrex Australia's service division.

One retailer told SmartHouse that it was unaware that Advanced Australia covered Centrex Australia's accounts, since it had received invoices only from Centrex Australia since it had dealt with the company.

A creditors meeting will take place next Tuesday 4 September at CTA Business Club in Sydney, at which the financial position of the company and its future prospects will be explained, according to the letter.

The shareholders of the company will attend a meeting the day prior, "at which a resolution will be proposed to place the company into liquidation and to nominate a Liquidator." 

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