Elonex Computers may be about to go into receivership. Administrators were called in to the company’s north London headquarters late on Monday, sparking industry rumours that the computer reseller may be about to bite the dust.

Rumours abound that the PC vendor went into voluntary administration yesterday afternoon after failing to convince creditors or the courts that it would be able to honour its creditors. Elonex’s debts are rumoured to run to nearly £20m worldwide, most of which is owed in the US.

According to reports on technology website The Register, Elonex’s demise has been predicted for several weeks.

Despite UK creditors being owed a rumoured £1.5m, we spoke to someone at Elonex who claims tales of its demise are not as done and dusted as it may appear.

PC Advisor was able to track down a staff member at the beleaguered technology company late this afternoon and, although not an official Elonex spokesman, he was able to refute tales of the company’s demise and its handover late yesterday to administrators Deloitte and Touche.

When asked whether Elonex had gone into receivership and had been handed over to the administrators, the staff-member told PC Advisor that “that’s not strictly true but I don’t believe I’m allowed to make a comment about it”.

Elonex has been selling PCs and consumer technology goodies for 20 years and has a number of local authority contracts as well as being a recognised maker of consumer PCs and laptops. Of late, it has focused its consumer sales on so-called ‘digital lifestyle’ products such as LCD screens, Media Centers and all-in-one PCs with flatscreens attached.

PC Advisor is awaiting official comment from an Elonex spokesperson clarifying the company’s exact status and whether or not existing orders will be fulfilled and customers’ support contracts honoured. These scenarios are not uncommon if another company is keen to step into the breach and buy a failing company’s assets.

We will update readers on Elonex’s status as soon as we get word.

Anyone looking to spend over £100 on IT or consumer electronics is advised to use a credit card to do so since the credit card company is jointly liable if a company is unable to fulfil an order or there are issues with a product when it’s delivered.