Feeds

Memsolve calls in receiver

Creditors fail to come up with rescue package

  • alert
  • submit to reddit

Remote control for virtualized desktops

Memsolve today resigned itself to the official appointment of administrative receivers from BDO Stoy Hayward. Dermot Power and Charles Macmillan went into the Widnes, Lancashire-based components distributor after the company admitted it owed around £4 million earlier this week (see earlier story). Power, a BDO Stoy Hayward corporate recovery partner, commented: "It is disappointing that such a forward-looking company should have such problems. Strenuous efforts were made to preserve the company in its entirety. We are currently exploring all possible avenues for the protection of employment and the survival of the economic parts of the business." Last week, the company was forced to lay off around a third of its 65-strong staff. Chris Walmsley, Memsolve's sales and marketing manager, pinned his hopes on a rescue package involving creditors' co-operation. But he commented that the company had been suffering from chronic cashflow problems since a Customs & Excise raid last year. ®

Remote control for virtualized desktops

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Business security measures using SSL
Examines the major types of threats to information security that businesses face today and the techniques for mitigating those threats.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.