Run Time error 429

Hi all

I've just re-installed Orion 7.8 on new hardware (after the last server had a bit of a problem with a server room flood) and I get the following error when trying to run the Configuration Wizard (at the Setup Database section of the wizard) :-

Run-time error '429':
ActiveX component can't create object

The account I'm using to install is the local admin account so should definately have the correct permissions. I've also tried re-installing over the top (although I haven't un-installed and re-installed yet as I don't want it to blow away the licensing info as I've had some problems with that too).

Anyone got any ideas?

Cheers in advance