M&H Professional Computer Services has become the latest VAR to succumb to savage market conditions.
The Warrington-based firm, which had a turnover of about £1m, ceased trading last week after its banking facilities were withdrawn.
Mark Ancell, head of intelligence at credit agency Graydon UK, said: “M& H had been around for 15 years and no one had any issues with it. Companies like this are suffering because of the global credit crunch.”
M&H leaves behind it debts of less than £200,000, with Northamber its
only trade creditor.
Despite attempts, M&H could not be reached as CRN went to press.
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