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Friday 9th May 2008

More details emerge about Rock's demise

Posted at: 12:34pm 9th May 2008 by James Morris

How one errant employee helped bring down a promising mobile computing empire

As we reported yesterday, Rock, one of the UK’s leading home-grown notebook manufacturers has gone into administration. According to the statement posted on its website yesterday. Rock’s failure was ‘party attributed to the cash flow difficulties faced as a result of stock misappropriation by a former employee’. Now more details have emerged of exactly what happened.

According to court proceedings reported by the Kenilworth Weekly News, Rock’s rather opaque choice of words hide a sordid tale of theft by former head of sales Paul Bicknell. Hired at age 16, the 24-year-old repaid his employers with a series of misdeeds, starting in 2005.

The majority of these revolve around Bicknell’s position as the main sales contact for CFA Trading. This company purchased computer parts from Rock on a regular basis. However, CFA noticed that its payments weren’t going straight to Rock – they appeared to be ending up at garages. At the same time, Bicknell started driving expensive sports cars.

Aside from his penchant for luxury automotive transportation, Bicknell became addicted to online gambling. This started affecting his attendance at work, which he tried to cover up with a story about a death in the family.

Bicknell was eventually confronted in July 2007 and resigned. But the larceny didn’t end there. The following month, he broke into Rock’s warehouse and pinched £11,497 of computers. The total loss to Rock had reached £220,000.

You may not be able to get a decent one-bedroom flat in London for that much these days, but in the world of IT, this can be enough to turn a going concern into a closing down sale. Rock apparently met what has become a very predictable fate for computer vendors – its credit lines were reduced.

Computer components cost so much, and require such a quick turnaround to maintain their value, that large amounts of credit are required for retail businesses. Without it, you simply can’t trade, as you can’t build systems at the volume your business requires. A similar situation caused the downfall of the original Carrera Technology.

However, not everyone involved with Rock believes that the blame should be entirely laid on Bicknell. Ex-employees of the company have told Custom PC that they believe the theft case is being used as something of an excuse, hiding other issues with the company and its product range, although we haven’t been able to confirm their specific allegations.

Regardless of what lead to the cashflow problems, it’s certainly sad to see one of the UK’s remaining high-end computer company’s come to an ignominious end, especially as it has caught customers unaware.



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Comments
Google is a wonderful tool

But it's so much easier when someone like me does it for you and posts a few links in the comments section! Looks like we'll all have to look elsewhere for gaming laptops. BTW, we're building them at CyberPowerUK now instead of having them shipped from the states. Oddly enough SLi laptops showed up on the website and the first few UK builds started a couple of days before the news broke.

Comment by Initialised at 10:57pm 12th May 2008



I Agree...

if you've been employed by a reputable company from leaving school, I'm sure he was doing rather nicely without nicking the money. You can rent ferrarri's etc for (cough) "business purposes" or go to track days and drive a couple of nice cars faster than you ever could outside the AutoBahn. The guy was an idiot. Even if he was spending the money on partying and shovelling half of Colombia up his nose it would be more enjoyable (and memorable) than sitting in front of his PC playing the most expensive game of Solitaire or whatever he played. Looking at the funny coincidence of the payments going off to other places it's surprising that Rock and CFA didn't put a stop to it and fire him sooner. It wouldn't be hard to investigate or call the pollice in and have them do it. So perhaps it is in part the fault of the two companies for their inaction as well as Bicknell's greed.

Comment by EdArch at 2:42am 11th May 2008



what moron.

first off, stealing from a company that kept you on from the age of 16 is right out stupid. you stay in a company from that age you are likely to see some nice LEGITIMATE money later on. (assuming the company succeeds). he probably could have afforded some of those cars he bought fraudulently if he had waited a good decade and worked his way up the company a bit more (he was already doing pretty well imo). and to steal so much that the company went down, thats is worthy of a darwin award. it's one thing to bite the hand that feeds you, but if you sever it at the wrist, what do you think is going to happen?

Comment by yougotkicked at 10:30pm 9th May 2008



Utter, utter, utter........

Pillock. I couldn't give a damn if some say that this lads "antics" aren't wholly to blame. He is a thieving little scumbag, and if Rock had that money in their bank accounts rather than wrapped up in some flashy motor, maybe the rest of us wouldn't be denied a company that has strived to find ways of providing real gaming in a portable PC. Idiot

Comment by do_it_anyway at 7:30pm 9th May 2008



I hope this Bicknell guy has been charged with fraud and sent to prison. Even if the company collapse wasn't all down to him, he still ripped off a massive amount of cash.

Comment by l3v1ck at 6:18pm 9th May 2008



And i thought

that the problem with the HD-DVD drives would of affected them badly... now i guess we wont be seeing those ads in the front of the CPC mags anymore...

Comment by NikoBellic at 4:10pm 9th May 2008



...

PMSL at the sports cars comment...

Comment by PokerMuppet at 3:23pm 9th May 2008



Rock’s failure was ‘party attributed

errrmm... interesting lol

Comment by NikoBellic at 1:48pm 9th May 2008



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