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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.®

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