Dan Technology has gone into administrative receivership. It had been hoping to find a buyer to save it from going under, but the search proved fruitless.
Accountant BDO Stoy Hayward was called in to help the company to assess the offers that were on the table, and a spokeswoman said that Dan is still seeking to sell the business as an ongoing concern to a buyer who would uphold customer warranties.
But, she added: "In the interim, the administrative receivers will be seeking to fulfil orders for customers who have been invoiced for goods and will be honouring warranties on a case-by-case basis".
We will bring you more information about what will happen with regard to customer orders and warranties as we hear it at www.techadvisor.co.uk.
The company has been in trouble for some months. Back in February Dan was granted a temporary reprieve when a management buyout injected £2.5m into the company in an attempt to keep the PC manufacturer afloat. But clearly this was not enough to save it.
When we spoke to one possible buyer about why his company had pulled out he said, "We were willing to put enough money into the company to sort out the problems, but we didn't want to put the money in as a lifeline."