M&H victim of credit crunch

M&H victim of credit crunch

Onslaught of credit crunch hits Warrington-based VAR

M&H Professional Computer Services has become the latest VAR to succumb to savage market conditions.

The Warrington-based firm, which had a turnover of about £1m, ceased trading last week after its banking facilities were withdrawn.

Mark Ancell, head of intelligence at credit agency Graydon UK, said: “M& H had been around for 15 years and no one had any issues with it. Companies like this are suffering because of the global credit crunch.”

M&H leaves behind it debts of less than £200,000, with Northamber its only trade creditor. Despite attempts, M&H could not be reached.