The Channel logo

News

By | Paul Kunert 28th February 2012 16:14

Sumlock Electronics faces liquidation

Family-run reseller shuts up shop after 36 years

North East-based family-run reseller Sumlock Electronics is to be liquidated, according to a filing to Companies House.

The VMware, NEC and Sophos partner, which was incorporated in 1976, is understood to have encountered terminal cash flow difficulties in recent months that forced it to shut up shop.

Business advisor Walsh Taylor called a creditors meeting for 16 February - but refused to comment on the outcome, directing The Reg to Companies House.

The registered company address for Sumlock has now changed to the same Leeds-based premises used by Walsh Taylor indicating the insolvency practitioner has been appointed to liquidate the reseller.

Distie sources estimate that Sumlock owed around £500,000 to trade creditors, but claimed it was likely that only secured creditors will see a dividend.

Sumlock becomes the latest small dealer to hit the wall following a huge upswing in insolvencies last year. ®

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust