The Channel logo

News

By | Kelly Fiveash 4th January 2008 17:56

Evesham Technology goes into liquidation

Lights go out

British computer maker Evesham Technology today told the majority of its remaining staff not to return to work on Monday because the company has gone into liquidation.

The firm’s ex-chairman and co-founder Richard Austin sent an email to staff this morning informing them “things are very suddenly moving quicker than expected.”

DTE Leonard Curtis, Evesham's administrators, asked him to tell staff to attend a meeting at 2pm today in the Evesham Technology canteen.

A source told The Register that staff were told Evesham Technology had folded and that the 30 remaining staff need not return to the firm’s Vale Park headquarters in Worcestershire on Monday.

DTE confirmed that the meeting had taken place but was unable to comment at time of writing on any other issues such as what will happen to remaining stock or how staff will be treated.

It is unknown at this stage if the administrators were able to pay-off outstanding debts of £3.6m owed to secured creditors including Microsoft, AMD, Ingram Micro, Western Digital and Computer 2000.

Eddie Pacey, director of credit services EMEA at distributor Bell Micro, said it was unlikely that the hefty creditor’s debt would have been paid off in full.

Austin declined to comment on the firm’s demise. ®

comment icon Read 51 comments on this article alert Send corrections

Opinion

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Features

money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals
Angus Highland cow
Pet carriers not wanted for whitebox stampede
FBcoldstoragearray
Sorry OpenStack and Open Compute, we're not all Facebook
Gary Kovacs, CEO of AVG. Pic: World Economic Forum
Scammy download sites? Government snooping? Run of the mill for Gary Kovacs