Sub-distributor ITAC UK has gone into administration, leading some to question the stability of such firms in general. KPMG has been made the official administrator of the troubled company, which has partner deals with Microsoft, CA, Symantec, Adobe and McAfee, reported CRN.
“We were appointed on Monday. It is early days and we are carrying out a detailed investigation into what went wrong,” said Paul Flint, administrator at KPMG.
Eddie Pacey, director of credit at one of ITAC’s creditors Bell Micro added: “It makes me question whether these kind of businesses are still viable businesses.”
Advertisement
Related Stories
- GAME over Mar 26th 2012 at 12:38PM
- Beleaguered GAME files for administration Mar 21st 2012 at 12:26PM
- Austerity leads to fraud 'boom time' Jan 31st 2012 at 5:40AM
- Kesa considers Comet sale May 16th 2011 at 12:43PM
- UK firms told to beware hackers Feb 7th 2011 at 4:42PM
- VAT rise the 'least worst' option for retail Aug 24th 2010 at 11:02AM
- Retail health shows signs of improvement Apr 23rd 2010 at 10:31AM
- December shows strongest retail growth for four years Jan 12th 2010 at 11:39AM
- Non-food retail continues to struggle Jun 10th 2009 at 11:45AM
- Epic Computers enters administration May 8th 2009 at 11:37AM
