Waltham Abbey-based Accounting Masters went into liquidation last year after accounting software developer Scala withdrew the dealer’s licence to sell its software, the company’s liquidator said this week.
Paul Ellison, insolvency partner with Henley-based Hurst Morrison Thompson, estimated Accounting Masters owed Scala UK roughly #250,000. He said: ‘Scala took the view that it didn’t want to support companies through its trade account and it wanted the UK company to stand on its own feet.’
When Accounting Masters went into liquidation, its software contracts reverted to the software developer and around 15 staff moved to Scala.
Mike Burdett, who took over as Scala UK managing director in October, said Scala supported Accounting Masters to the end and would have liked to see the dealer continue.
‘We suffered a fairly significant bad debt. When they went into liquidation, it is part of the normal contract terms for the dealership to come to end,’ said Burdett.
At roughly the same time, Scala appointed the City of London office of Japanese telecommunications giant NTT as a new UK dealer for its products.
The UK re-alignment followed an earlier merger between Scala International, which concentrates on writing software, and its Budapest-based distributor, Scala Eastern & Central Europe.
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