General
Spot On Computers succumbs to insolvency
19 Sep 2009
After more than a decade in business, Spot on Computers has hit the wall, with a meeting of the reseller's creditors scheduled for this week.
The Mancunian firm was incorporated in 1996 and, by the turn of the century, was posting annual revenues of more than £10m. One industry source told CRN the firm started life brightly, but was not adaptive enough with its business model in later years.
The firm succumbed to insolvency recently and, on 4 September, its registered office was changed to that of insolvency specialist Mistry Associates. It is here that the creditors meeting will take place on Thursday.
Another channel onlooker told CRN they had ceased trading with Spot On about a year ago because "its financials were not going in the right direction".