Metrologie calls in administrators
CHS' woes extend to UK disti
Posted in Business, 28th October 1999 11:45 GMT
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Metrologie UK and its parent company CHS Electronics Holdings UK have been placed in administration. David Gilbert and Simon Michaels at BDO Stoy Hayward have been appointed administrators for the two businesses, sources told The Register. The administration orders were gained from the Royal Courts of Justice in London yesterday. The voluntary move follows the fall of Metrologie's sister company, CHS Electronics Plc, which went into administrative receivership last week with debts of £17 million. The receivership, also handled by Gilbert and Michaels at BDO, resulted in the sale of the company’s customer base to rival distributor Northamber on Tuesday. BDO Stoy Hayward was unable to confirm that Metrologie was in administration. But a BDO representative said an announcement was expected this afternoon "once the company’s future is confirmed".®
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