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Memsolve and Roldec await outcome of meetings

Time to stand up and be counted as channel players face the music

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Two failed UK channel companies will face angry creditors tomorrow morning. Memsolve’s winding up hearing takes place at The Royal Courts of Justice, London, at 10.30. The petition for winding up was presented by the distributor Northamber on 10 February. Administrative receivers from BDO Stoy Hayward were appointed when the Lancashire-based components distributor admitted owing around £4 million. Earlier this month Roldec ceased trading . There will be a creditors’ meeting for the Wolverhampton-based mail order reseller tomorrow in Birmingham at 11am. A liquidator is expected to be appointed. ®

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