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”.
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