The Channel logo

back to article React Technologies rises from ashes of burning balance sheet

React Technologies has executed a textbook dive into administration followed by a phoenix-like rise from the ashes - and now trades as React Enterprises having wiped off suppliers' debts in the comeback. The network reseller, led by boss Jess Thompson-Hughes, called in receivers Leonard Curtis on 16 March and installed Mark …

COMMENTS

This topic is closed for new posts.
Bronze badge

It's not unusual...

Alas this is common play when a business has reached the end of the line or has stumbled and cannot recover. This is not to say all pre-packs are bad but where a Reseller makes no effort to work out or communicate a problem first, this does cause irritation.

Financial Services are commonly provided by most if not all Distributors to assist in making deals happen but cannot influence the outcome of a business in trouble. This requires the Reseller to communicate the problem, seek turn-around advice and support, and be provided with it - in good time.

0
0
This topic is closed for new posts.

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on