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HOME arrow Electronics arrow SAD day for Stretham company arrow Registration
SAD day for Stretham company
Written by News Desk   
Thursday, 06 March 2008
Administrators appointed to SADiE Studio Audio & Video Limited based in Stretham, near Cambridge, are seeking a buyer for the stricken business.

SaDiE is a developer and manufacturer of PC-based digital audio workstation products and had been established in 1991. Steven Law from accountancy firm Ensors was appointed administrator to try to seek a rescue of the business. He had to lay off the 16 staff but six are being re-employed on a consultancy basis to help in the rescue strategy.

He said: “Although we had to lay off the workforce upon my appointment, with the help of some former staff we are carrying on the business on a limited basis in order to fulfil customer orders.  In the meantime, I am interested in talking to potential purchasers with a view to them acquiring the whole or parts of the business and I would urge any interested party to contact me urgently.”

Joe Bull, SADiE’s managing director said: “Our hope is that we can salvage some of the business for the benefit of our loyal customers. This has been a particularly difficult time for everyone.”

• Interested parties should call Steven Law or Rachael Davison, at Ensors on 01473 220022 to express their interest.
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