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Rock falls under administration, now up for sale

Darren Murph
05.08.08
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Hope you weren't really counting on getting yourself one of those Pegasus 210s. In a sudden announcement made today, Dominic Wong and David Langton of Deloitte & Touche LLP were appointed as Joint Administrators of Rock Group Plc. In layman's terms, that means those fellows will be attempting to achieve a sale of the now-defunct company. Reportedly, the failure of Rock is "partly attributed to the cash flow difficulties faced as a result of stock misappropriation by a former employee," though further details were omitted. As it stands, the admins are currently negotiating with potential suitors in order to place the outfit in more capable hands, but there is still a possibility that no one will bite. For more information on how all of this could affect you (you know, things like warranties and whatnot), check out the full release in the read link below. 'Tis a sad day folks -- Rock is dead (at least for the moment).

[Thanks, Peter]

In this article: business, fail, failure, industry, rip, rock, uk
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