Feeds

DVD distie goes titsup

Administrators go in at S Gold & Sons

Protecting users from Firesheep and other Sidejacking attacks with SSL

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
OECD lashes out at tax avoiding globocorps' location-flipping antics
You hear that, Amazon, Google, Microsoft et al?
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.