Crisis economy and poor management become the source
ROCK GROUP PLC, laptop factory that lies in UK become the newest victim of the downloope of world economy. This company decide to stop their business before appointing the new adminstrator and the one they appointed to do this job is Dominic Wong and David Langton from Deloitte & Touche LLP.
The main reason for this act is the low cashflow that is being faced due to inventory stock that doesn't had in where it should be. Series of action that done by company is lowering credit from the supplier so the company cannot supplied the most newest laptop with competitive price.
Believed that the company is looking for sales with fast. Potensial buyer seem to be waiting. But for the meanwhile, Rock decide to stop trade and not will be able to fulfill order or warranty that has been offered to the customer.
Information from rock website offer detail thing for consumer if consumer cannot be traced it's where about. Based on the website, rock still going to run insurance policy for covering the warranty with longger time table. Administrator that now being appointed is looking for the possibility to sell 'Acoount' if there is no buyer that want to cope with because the increase of Rock customer.
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Thursday, October 23, 2008
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