Shropshire-based Entatech, which sold PC hardware and other related computer accessories and traded out of Stafford Park, has gone into administration after it was announced Beta Distribution walked away from a possible purchase over doubts about its stock levels. The directors admitted that the firm had been struggling for “some time”.
50 employees have been made redundant, but 29 have been kept on to keep the business running while another buyer is found and to help KPMG who have been appointed Administrators Chris Pole from KPMG said “Entatech has been affected by difficult trading conditions for some time.”
“Following a change in ownership and attempts to restructure the business, the loss of a number of key contracts and declining sales has led to a significant drain on the company’s financial situation. This ultimately led to the directors taking the difficult decision to place it into administration.”
Jason Tsai, the former owner of ENTA Technologies, was banned from being a company director earlier this year for his part in a VAT carousel. He took his legal dispute with HMRC to the Supreme Court, but lost.
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A guide for redundant employees in insolvency situations