Feeds

DVD distie goes titsup

Administrators go in at S Gold & Sons

Top 5 reasons to deploy VMware with Tegile

DVD and CD distributor S Gold & Sons has gone into administration, throwing 120 people out of work.

The Walthamstow-based firm actually ceased trading some time ago, but administrators David Gilbert and Martha Thompson, partners at BDO Stoy Hayward LLP, were appointed joint administrators last week.

The firm employed 142 staff, but 121 were made redundant as a result of a business review.

David Gilbert, business restructuring partner at BDO Stoy Hayward, said: “The business had already ceased trading prior to our appointment. Regrettably, following a review, the majority of the workforce were made redundant. We are now working with company directors to secure a sale of the assets.”

The company last filed accounts for the year ended 31 October 2006 and warned: "Due to increased competition from the internet and the generally competitive nature of the market, most of the industry is suffering from declining margins and reduced selling prices. As such, the long term performance of the company may be affected."

The firm turned over £45m in 2006, down from £47m in 2005, but made a loss of over £300,000. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Big Content outs piracy hotbeds: São Paulo, Beijing ... TORONTO?
MPAA calls Canadians a bunch of bootlegging movie thieves
Google Glassholes are UNDATEABLE – HP exec
You need an emotional connection, says touchy-feely MD... We can do that
Just don't blame Bono! Apple iTunes music sales PLUMMET
Cupertino revenue hit by cheapo downloads, says report
US court SHUTS DOWN 'scammers posing as Microsoft, Facebook support staff'
Netizens allegedly duped into paying for bogus tech advice
Feds seek potential 'second Snowden' gov doc leaker – report
Hang on, Ed wasn't here when we compiled THIS document
Verizon bankrolls tech news site, bans tech's biggest stories
No agenda here. Just don't ever mention Net neutrality or spying, ok?
prev story

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
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.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
Simplify SSL certificate management across the enterprise
Simple steps to take control of SSL across the enterprise, and recommendations for a management platform for full visibility and single-point of control for these Certificates.