UPDATE: Chorus Networks being wound up


UPDATE: Chorus Networks being wound up

Microscope contributor

Chorus Networks is being wound up and has called a creditors meeting for next week when it will appoint a liquidator.

It becomes the fourth business started by director Michael Penny that has failed since 1993, with the previous ones including London-based sub-distributor Penny and Evans, and Omni Solutions and Tilven Computers both situated in Slough.

The reasons for the small Uxbridge-based firm's collapse is not clear according to Jeremy Karr, partner an Ian Franses Associates, which has been tasked to assist with the winding up.

"I am in the process of completing the director's report, he will provide the history and narrative of how the problems came about," he said.

The document will be presented to suppliers at a creditors meeting on 30 March when an insolvency practitioner will be given control of proceedings.

The Microsoft Certified partner, incorporated in 1999 offered a range of consultancy services around Exchange, CRM, Sharepoint, Mobile Communications and WAN Connectivity.

The firm employed just three staff and had ten customers, which are being looked after by WebMy Systems.

In the year to July 2008, Chorus Networks made a profit of £11,000, up from £7,000 a year earlier.

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