Rock Appoints Administrators
Rock Group Plc (Rock) has appointed Dominic Wong and David Langton of Deloitte & Touche LLP as Joint Administrators of Rock Group Plc (“Rock”). The Administrators are working with the management of Rock to attempt to secure a sale of the business as a going concern.
The official announcement explains:
The failure of Rock is partly attributed to the cash flow difficulties faced as a result of stock misappropriation by a former employee. This led to suppliers reducing credit limits, further adversely impacting upon cash flows. As a result of the recent difficulties faced by Rock in obtaining regular supplies of key components, Rock had effectively ceased to trade prior to the Administrators appointment.
You can read the rest on their website here. It’s a great shame as I’m very happy with my Rock laptop (I’m writing this post on it).
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