The credit crunch has claimed one of its biggest channel victims this year in the shape of Sun and Intel sub-distributor Westek.
CRN, 01 May 2008
The Warrington-based company went into administration on 25 April with a creditors’ meeting set for 8 May. The firm was unreachable as CRN went to press.
Mark Ancell, head of intelligence at credit reference agency Graydon UK, said that Westek’s turnover had fallen from £62m in 2003 to £30m in 2006.
“The market is very flat at the moment. If companies of that size do not have cash to keep going they will suffer more than the smaller companies,” he added.
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