Evesham Technology goes into liquidation
Lights go out
British computer maker Evesham Technology today told the majority of its remaining staff not to return to work on Monday because the company has gone into liquidation.
The firm’s ex-chairman and co-founder Richard Austin sent an email to staff this morning informing them “things are very suddenly moving quicker than expected.”
DTE Leonard Curtis, Evesham's administrators, asked him to tell staff to attend a meeting at 2pm today in the Evesham Technology canteen.
A source told The Register that staff were told Evesham Technology had folded and that the 30 remaining staff need not return to the firm’s Vale Park headquarters in Worcestershire on Monday.
DTE confirmed that the meeting had taken place but was unable to comment at time of writing on any other issues such as what will happen to remaining stock or how staff will be treated.
It is unknown at this stage if the administrators were able to pay-off outstanding debts of £3.6m owed to secured creditors including Microsoft, AMD, Ingram Micro, Western Digital and Computer 2000.
Eddie Pacey, director of credit services EMEA at distributor Bell Micro, said it was unlikely that the hefty creditor’s debt would have been paid off in full.
Austin declined to comment on the firm’s demise. ®