|
|
|
07 May 2009
Long-established PC builder Epic Computers has succumbed to the pressures of the downturn and started liquidation proceedings.
The 20-year-old East Sussex-based firm has appointed Mark Willis at insolvency practitioner In Time Financial Recovery (ITFR) to commence proceedings, CRN has learned.
In a letter sent by ITFR to creditors today and leaked to CRN, it said: "The directors of Epic Computers, having regards to its financial position, have commenced liquidation proceedings."
Further reading
Epic Computers supplied PCs, laptops and servers to VARs, software houses and OEMs.
Eddie Pacey, director of credit at distributor Bell Micro, said: “We have known Epic for a very long time.
“Business has changed dramatically since it started and over the years it was gradually going to come to an end.”
Nitin Joshi, founder of ChannelMoney, said: “It's always a shame when long-standing companies go. This was predicted a few weeks ago. We’ll wait to see what damage has been caused in the channel.”
A meeting with creditors is due to take place on 22 May.
Neither the company nor ITFR were available for further comment as this article went to press.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say