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

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'