Feeds

Panrix goes titsup – again

Liquidation this time

  • alert
  • submit to reddit

Panrix, has gone bust again. But this time, there's no escape hatch. The Leeds system builder has gone into Creditors' Voluntary Liquidation, calling on accountancy firm Wilson Pitts to wind up the company's affairs.

Liquidator Philip Deyes who was appointed yesterday said it was too soon to estimate liabilities, creditors' dividends etc. or to supply a reason for Panrix Technologies' collapse.

This information should be ready on June 18, when a creditors' meeting is called, he said.

Panrix went bust for the first time in May 2001. The owner Gulberg Panesar made an offer for the assets of the company and set up again as Panrix Technologies.

Panrix is believed to have been struggling from lack of business, if the fire sale prices on ads in last month's PC Pro is anything to go by.

Meanwhile, the future of the rather more prominent Dan Technology is still up in the air. The company last Friday was locked in talks with BDO Stoy Hayward, but no administrators have been appointed at time of writing. ®

Related stories

Dan Technology teeters on the brink
Panrix boss starts plugging new Panrix business

Whitepapers

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.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.