BREAKING: Ohm UK operating company IDEX goes into liquidation
IDEX, one of the key manufacturing companies behind MI and pro audio speaker firm Ohm UK, has gone into liquidation. As a result of IDEX’s liquidation, Ohm UK is now seeking a major investor to help secure the future of the company. Ohm UK is now going through talks with a big overseas investor with a buy out deal that will put Ohm on an even playing field with the big players, although corporate issues resulting from mis-sold products from China have caused serious problems, resulting in losses worth millions of pounds.
“We have recently been stung by our China operation,” said an unnamed Ohm UK source. “They have successfully secured the Ohm iP in that region. This has created huge corporate issues, as well as losses in the millions from mis-sold product out of China factories, claiming to be made in Britain by Ohm. We are proud to still be manufacturing our products here in the UK. We feel that’s what makes Ohm UK great.”
It is as yet unknown how these developments will affect Ohm UK staff, although a company source has informed that none of Ohm’s other manufacturing operations are affected.