camera & camera

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ilovemusic

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#171184 9-Apr-2015 13:23

shop was closed today.

have they gone bust ?

xpd

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#1279613 9-Apr-2015 13:34

According to companies database, theyre in liquidation from 9th April 2015.
This Company currently has Liquidators, Receivers or Voluntary Administrators appointed

XPD / Gavin

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Inphinity

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#1279614 9-Apr-2015 13:35

They were open last week, and didn't have any indication that I saw that they were closing. You weren't there too early, were you? They don't open till about 9 or 9.30.

Inphinity

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#1279615 9-Apr-2015 13:36

xpd: According to companies database, theyre in liquidation from 9th April 2015.
This Company currently has Liquidators, Receivers or Voluntary Administrators appointed

Interesting - and from today, apparently.

ilovemusic

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#1279620 9-Apr-2015 13:46

Inphinity: They were open last week, and didn't have any indication that I saw that they were closing. You weren't there too early, were you? They don't open till about 9 or 9.30.

nope, wandered past around 1130.

apparently a surprise to everyone including staff.

sale soon ?

Batman

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#1279678 9-Apr-2015 14:40

wow!

no liquidation usually come as a surprise to everyone, not sure why, i guess no need to trumpet a potentially embarrassing situation to the world

clicknz

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#1279681 9-Apr-2015 14:47

Oh dear, sad news for the photographic community... along with a few other places that have closed down recently. I remember when they started up in Wellington in the eighties, although I'm not sure whether this was where they started, or whether they were already going in Auck....?
Another victim of digital tech plateauing in development, along with the uptake of smartphones and online retailers...

Cheers,
Mike

Photographer/Videographer clickmedia.nz

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#1279686 9-Apr-2015 14:55

I think as things move online, the market is only able to sustain so many businesses, and the innovative or the bigger ones win usually.

Lias

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#1279919 9-Apr-2015 18:41

From their website:

Camera & Camera Limited (in liquidation)

Please be advised that Camera & Camera Limited was placed in liquidation by shareholder resolution at 8:40am on 9th April 2015.

The Queen Street store is now closed.

For further information, or if you believe you are a creditor of the company, please contact the liquidators.

Gerry Rea Partners
PO Box 3015
Auckland

Info@gerryrea.co.nz

Tel: 09 377 3099

Fax: 09 377 3098

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#1279942 9-Apr-2015 19:17

What happens if someone bought i mean paid for something online the day before?

floydbloke

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#1280146 10-Apr-2015 07:48

joker97: What happens if someone bought i mean paid for something online the day before?

IANAL, and am happy to be corrected, but I believe that anyone who has vouchers, store credits, gift cards, etc. for retail organisations becomes an unsecured creditor and joins the queue ( at the back) to try and recover the 'debt'

Sometimes I use big words I don't always fully understand in an effort to make myself sound more photosynthesis.

Bee

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#1280186 10-Apr-2015 08:59

So no big liquidation sale or anything like that?

Doing your best is much more important than being the best.

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#1280205 10-Apr-2015 09:11

floydbloke:
joker97: What happens if someone bought i mean paid for something online the day before?

IANAL, and am happy to be corrected, but I believe that anyone who has vouchers, store credits, gift cards, etc. for retail organisations becomes an unsecured creditor and joins the queue ( at the back) to try and recover the 'debt'

which is why you should always make large purchases with a credit (not debit) card

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#1280243 10-Apr-2015 09:36

Ah so the credit card is safe?

Fred99

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#1280291 10-Apr-2015 10:13

joker97: Ah so the credit card is safe?

Probably depends on the T&C of the credit card issuer for the particular account you have.

From my experiences, "warning" about companies at risk of going bust is mainly futile - if the warning has some truth to it, then it's too late unless you have physical access to goods etc and can pick them up before the doors are locked - which is very unlikely. Running a business for 20 odd years, the (fortunately rare) large client receiverships were all pretty much bolts out of the blue, only loosely correlated to how up to date their payments were. They might be paying their bills on time and looking rosy, but you can't know if IRD is hanging a big threat over their heads with a massive unpaid GST/PAYE bill, or the bank gave them 7 days before they withdrew credit facilities. or someone suddenly emptied the accounts into a suitcase and jumped on a plane headed for Timbuktu.
However, in the case of retail purchase where there's a NZ master agent for the product paid for, I'd be approaching them with fingers crossed - though their attitude might be sullied if they've also lost a bundle of $$$.

dman

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#1289840 22-Apr-2015 23:09

Sooooo.............. I too wonder if there will be a sale?

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