Stagetec (UK) in voluntary liquidation

UK - Stagetec (UK) Ltd managing director Andy Stone has informed PLASA Media that the company has gone into voluntary liquidation. He said: "We have been working since the beginning of this year with business advisors to develop and grow the business and at the end of September prospects were good, with the company looking profitable and a good order book. The company had grown considerably over the past few years and had a good reputation in the industry, but during the past few months the company was hit by a number of bad debts, delayed orders and delayed payments, so on 2 December, the directors consulted BDO Stoy Hayward business recovery and came to the conclusion that the business of Stagetec (UK) Ltd should go into voluntary liquidation."

Stone added that Stagetec Distribution Ltd, the UK distributor for Compulite and LSC is not affected by the liquidation of Stagetec (UK) Ltd, as although the principal creditor, it has a strong dealer network and the support of both Compulite and LSC.

(Lee Baldock)

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