Creditors meet to discuss FNS administration
Insolvency practitioner appointed for failed reseller
Creditors of failed reseller Future Networks Systems Sales (FNS) met last week to discuss the best way forward.
FNS went into administration late last year with debts believed to be in the region of £3m to £4m. London-based insolvency practitioner Rothman Pantall was appointed administrator.
One creditor, who asked to remain anonymous, told CRN a creditors' committee was set up during the meeting and the firm, which was the target of legal action from Hewlett Packard, will eventually go into liquidation.
Former FNS managing director Stuart Mann was unavailable for comment.