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Panrix in administration

Sales 'through the floor'

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Leeds based PC assembler Panrix has gone into administration.

The company is not taking orders for immediate deliveries, and the sales staff answering the phone say they don't know if they'll be able to deliver in the future.

The company has suffered very badly from the PC market downturn, and sales have been described as "through the floor" by an industry watcher.

"They've been down to making hardly any machines at all," he said.

Leeds based accountancy firm Wilson Pitts is handling the administration. The company will be making a statement tomorrow.

Panrix was formed in 1990. ®

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