Millennium went bust owing over £2m to unsecured creditors

Tom Wright
clock • 2 min read

Administrator's report reveals extent of Millennium fallout, with three distributors owed over £300,000 each

Millennium Business Systems (MBS) went bust owing £2.1m to 197 unsecured creditors, a recently filed administrator's report has revealed. MBS went bust last year after a failed attempt to refina...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like

Reseller

James Baxter takes on stock after unpaid products were returned to suppliers

clock 10 January 2018 • 1 min read

Credit and Finance

IT and AV reseller understood to have called in administrators yesterday

clock 28 November 2017 • 2 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Reseller

Bechtle Q1: Sales dip as German economic slowdown bites

Bechtle Q1: Sales dip as German economic slowdown bites

CEO Thomas Olemotz cites reluctant to invest SMEs as he pledges recovery in H2

Martin Fryba
clock 08 May 2024 • 2 min read
Infinity acquires Pax8's end-customer business as it homes in on Microsoft focus

Infinity acquires Pax8's end-customer business as it homes in on Microsoft focus

"This is a key part of Infinity Group's strategy to solidify our place as a leading provider of Dynamics 365 solutions,” says Infinity CEO Rob Young

clock 08 May 2024 • 2 min read
'I had unfinished business': Apogee CEO talks MSP return and evolution

'I had unfinished business': Apogee CEO talks MSP return and evolution

Clark lets CRN in on where in the business he plans to “double-down” and what areas are seeing “disproportionate growth in revenue”

Kelsey Rees
clock 07 May 2024 • 6 min read