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Rock group plc appoints administrators
Published: 08/5/08
Contact: Pamela Shabi
Deloitte
PR manager
+44 20 7303 0587

Dominic Wong and David Langton of Deloitte were appointed as Joint Administrators of Rock Group Plc on 8 May 2008.

The Rock Group is a manufacturer and retailer of high performance laptop computers aimed at the gaming sector. It is based in Warwick, has a turnover of approximately £5 million and employs approximately 25 staff.

The failure of the company is partly attributed to the cash flow difficulties as a result of stock misappropriation by a former employee. This led to suppliers reducing credit limits, further adversely impacting upon cash flows.

Dominic Wong, Joint Administrator, said: “The Rock Group has won many industry awards for its high performance range of laptops, which are primarily aimed at the gaming sector. It prides itself on the performance, design, quality and value offered by its laptops”

Wong added: “We are seeking a buyer for the business as a going concern and interested parties should contact the Administrators without delay”.

Ends

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In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities.  Neither DTT nor any of its member firms has any liability for each other’s omissions.  Services are provided by member firms or their subsidiaries and not by DTT.  Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.  The information contained in this press release is correct at the time of going to press.

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Page Last Updated: 08 May 2008
Source: Deloitte & Touche LLP - United Kingdom (English)

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