VCW can Spot the difference
Voice Comms Warehouse denies any connection with Spot Distribution
The liabilities of Spot Distribution could be more than £1m, but any connection with Voice Comms Warehouse (VCW) has been denied.
Last week, Spot appointed an insolvency firm to put the distributor into liquidation (CRN, 26 June). In the same week, VCW started to operate out of Spot’s offices in Shropshire. Mike Harris, an investor in Spot, was also confirmed as being the director at VCW. This sparked speculation in the channel that VCW could be rising from Spot’s ashes, a claim Harris has since denied.
Harris told CRN: “VCW is a completely separate trading business to Spot. It will concentrate on security, telephony and packaged services.”
Martin Williamson, director at liquidator DS Insolvencies Services, said: “The creditors meeting has been set for Thursday [6 July]. At the moment Spot could potentially owe more than £1m, but we are still gathering information.
“We are not aware of a connection [between Spot and Voice Comms] at the moment. Mike Harris was only a shareholder at Spot, not a director.”
Williamson added that it is likely Spot and VCW are “distinctly different companies” that happen to have an investment connection to Harris.
One of Spot’s creditors, who asked to remain anonymous, alleged to CRN that Spot has estimated liabilities in excess of £1.4m owed to about 53 creditors.