New York (June 9, 2008)--Underlining how completely the live sound market has embraced digital consoles in the last few years, UK-based Cadac Electronics plc announced today that it will be placed into administration, “following a sudden and unexpected fall-off in anticipated sales of the company's analogue products in the coming months,” according to a statement.
The manufacturer’s analogue desks have long been the standard for high-end theatrical productions such as on Broadway, but the inroads made by digital boards in recent years have seen more shows being put up without the Cadac name at the FOH position. That said, the 40-year-old company hasn’t been sitting still, and reportedly was close to putting its new S-Digital console into production to fulfill an anticipated order book of approximately £2 million.
The Directors are hopeful that buyers can be found for Cadac, as not only is the S-Digital console approaching production, but also the sales, service, refurbishment and new production of Cadac's analogue desks (F-type, J-type, R-type and S-type) is an on-going business.
Managing Director Bob Thomas said, "It is heartbreaking to see this great company go under at this stage. Although additional bank finance had been put in place to complete the S-Digital development and to get its production under way, the sudden slump in forecast analogue sales over the next few months meant that Cadac would be unable to maintain the underlying cashflow necessary for its survival. Sadly, unless we can find a buyer for the company, the S-Digital, which is thought by many to be the best-sounding digital console ever developed, will disappear, along with Cadac."
Anthony Kent of Maidment Judd, Harpenden, has been appointed as administrator.
Cadac Electronics Plc.