View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. Technology
May 2, 1988

RECEIVER GETS TIGHT DEADLINE TO SELL WHITECHAPEL AS A GOING CONCERN

By CBR Staff Writer

The receiver from Peat Marwick McLintock installed at Whitechapel Workstations Ltd last week says that he still hopes to sell the bankrupt East Ender as a going concern, but the deadline is a tight one: if no buyer can be found for the business by the end of this week, the company will likely have to be wound up. The receivership comes just under two years after the company was reorganised after a receiver was installed at its predecessor, Whitechapel Computer Works. Six employees now remain holding the fort at the stricken company, which did not succeed in getting its new MIPS RISC-based workstation off the ground and has been overwhelmed in the price-cutting war between the US players.

Content from our partners
Incumbent banks must transform at speed, or miss the benefits of open banking
Leverage cloud and expertise to optimise engagements from onboarding to conclusion
How enterprises can best prepare for finance digitalisation
Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU