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

Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world