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By | Paul Kunert 27th September 2011 15:33

Rich List tech baron 'retreats to Switzerland'

His Itopia reseller biz enters administration

Troubled London-based VAR Itopia Group has gone into administration, The Reg can confirm.

As revealed in recent weeks, the reseller minnow, which was started by Sunday Times Rich List regular Robin Lodge, ran into financial difficulties and was facing a winding-up petition from wholesaler Computer 2000 over unpaid debts.

A spokesman at administrators CMB Partners said it was appointed on 22 September with partner Brian Lucas handling the case, days ahead of the 26 September court hearing brought about by the distributor.

"Itopia has gone into administration," the CMB man confirmed.

According to sources in the channel, staff had not been paid and Lodge was alleged to have returned his Swiss retreat. Lodge was worth £50m in 2009, having made his fortune by flogging software firm Metier to Lockheed for £127m in 1985.

The reseller operated in the network, storage markets and managed services markets, but phone calls to the offices went unanswered earlier in the month, so its administration was only a matter of time. ®

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