Gollmann-Bouw insolvent
August 16, 2010
COLLAPSED pharmacy
automation company Gollmann-
Bouw may have been trading
insolvently since April, according to
a formal report released last week
by the Administrators, Peter
McCluskey and George Georges of
Ferrier Hodgson.
The administrators are also
recommending that the company
be wound up, and say it’s “unlikely
that a dividend will be payable to
unsecured creditors”.
The report confirms that since it
was established in November 2008
Gollmann-Bouw has supplied and
installed 14 Gollmann
Kommissionersysteme machines in
Australian pharmacies, as well as
two systems made by US firm MTS
Medication Technologies, for which
it also holds the Australian licence.
16 further customer orders are in
place, comprising ten Gollmann
and six MTS machines.
The decision to appoint
administrators was due to a Notice
of Default relating to an
outstanding debt of $615,869
owed to its German supplier - but
ironically the owner of this company,
Daniel Gollmann, is also a director
of Gollmann-Bouw, the Australian
distributor of his products.
More than $1.8 million is owed to
unsecured creditors, while there are
also loans from related parties
including ceo Chris Jones who is
claiming about $330,000.
Jones holds a mortgage over the
company’s floating assets.
Almost $300,000 is also owing to
the Australian Taxation Office,
while there’s also $361,000 in
outstanding employee entitlements.
The administrators report doesn’t
give full details of the unsecured
creditors, but it appears to include
a number of dispensing software
vendors, with the committee
appointed at the first meeting held
on 27 July included Tony Johnston
of Fred Health and Ian Taylor of
PharmaSol/Corum Health.
The next meeting of creditors will
be held this Friday 19 August, to
consider the winding up of the
company.
Gollmann-Bouw’s website
continues to promote its products,
but the former Pharmacy Guild
endorsement has been removed
from the Gold Cross site.
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