The Channel logo

News

By | Mark Ballard 24th April 2006 11:50

PC IQ collapses

Kettle of potential buyers circle

Computer service network PC IQ Ltd went into administration last week after running out of cash.

A large number of potential buyers have been sniffing about, however. So many, in fact, that the administrator, James Tickell of Portland Business and Financial Solutions Limited, has not had a chance to count them all since the deadline for interested parties to declare themselves passed on Friday.

PC IQ is believed to have operated a network of 91 independent computer service agents around the country.

According to an email sent to members of the network, and passed on to El Reg, it had more than five times the number of ex-partners. Each member paid PC IQ a subscription fee of £117 per unit.

These 467 former members are apparently part of the attraction to buyers, along with a list of 2,400 other service agents, and a customer database of 75,000 households.

The email said PC IQ, of West Wellow, Hants, ran into trouble last month. All six of its staff were made redundant on 31 March. The administrators were called in on 18 April.®

alert Send corrections

Opinion

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap
Steve Bennet, ex-Symantec CEO

Chris Mellor

Enormo security firm needs to get serious about acquisitions

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust