Cadac Electronics Goes Into Administration

Published Monday, June 09, 2008

After forty years of operation, the directors of Cadac Electronics today announced that the company is to be placed into administration following a sudden and unexpected fall-off in anticipated sales in the coming months. Anthony Kent of Maidment Judd, Harpenden, has been appointed as administrator. Having recovered from its financial difficulties of the last three years, Cadac was close to putting its new digital console into production to fulfill an anticipated order book of approximately £2m ($3.94M US). The directors are hopeful that buyers can be found for Cadac, as not only is the S-Digital console ...

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