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

Lightning

Jack Clark

Just as Jeff Bezos did to books and CDs, Amazon's rivals are now doing to it
Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead

Features

Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany