Thread: Microtech Shop?
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  #114  
Old 20-08-2010
hamiltonracer hamiltonracer is offline
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You only have to look at the company balance sheets to see that from 2005-on stock reduced to such a level that they were by 2009 essentially insolvent ie; the company owed more than that what it had in assets (eg. stock). Assets plummeting and debts soaring just leads to one thing...

Personally I don't think this is 'credit crunch' related, although it probably didn't help matters.

Sad to see another model shop / website go.
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