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Welsh distie Redstar goes titsup
Welsh components distie Redstar Marketing has gone titsup. A terse message on the firm's website states that it has ceased trading.
Redstar went into administration on 9 July with the immediate loss of 12 jobs. Four workers have been kept on short-term by administrators PKF. Keith Morgan of PKF told El Reg the decision for Redstar to go into administration was made in response to winding-up petitions from creditors. Morgan is still investigating the causes behind the failure of the business. He said PKF had already received offers for Redstar's props and stock and that it would welcome further bids. PKF plans to convene a creditors meeting later this month when the fate of Redstar will become clearer. A former staffer said he was pessimistic about receiving wages owed to him, much less Redstar attracting a buyer that would be able to re-hire staff and put the business back on its feet.
Last June Redstar was obliged to help Berkshire Trading Standards with its inquiries after inadvertently distributing a batch of counterfeit Micron and Hynix components. Redstar called for clearer guidance from manufacturers on how to spot counterfeit memory, but Hynix said that spotting fake memory deals was not as difficult as Redstar claimed.
There's no suggestion that there was any criminal intent to Redstar's actions in distributing the fake memory. ®