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Technology / AI and automation

RECEIVER GETS TIGHT DEADLINE TO SELL WHITECHAPEL AS A GOING CONCERN

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.

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CBR Staff Writer

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