New Zealand-based assembler PC General ceased trading last night citing “difficult trading conditions” as the reason.
It’s still unclear whether the receiver will allow the company to continue to trade.
PC General managing director David Sinclair faxed suppliers yesterday informing them that Commoditicorp Investments NZ Ltd, trading as PC General, would cease trading from 5.30pm that evening.
The message went on to say: “This is because difficult trading conditions make it imprudent for the company to continue trading.
“Before making this decision the board considered all viable options to enhance the company’s performance or sell the business as a going concern.”
He went on to say that the board hadn’t advised suppliers of the company’s position previously, because it could have undermined the possible sale of the business as a going concern.
“The company’s solicitors will shortly inform the company’s debenture holder of the board’s decision. As soon as that happens the receiver may or may not allow the company to continue to trade.”
Computerworld has been unable to contact PC General CEO Wayne Rigby or managing director David Sinclair. The telephones at the Auckland, Wellington and Christchurch branches are not being answered.