The Channel logo

News

By | Kelly Fiveash 8th August 2008 10:15

Evesham gets extended administration run

Hangman backs off for a bit

Evesham Technology Ltd's administration period has been extended.

The defunct British computer maker’s directors received notice that the company would remain under administration until 2 February 2009.

Evesham Technology’s creditors agreed to the extension, presumably to give administrators DTE Leonard Curtis more time to recover money owed to them.

Eddie Pacey, director of credit services EMEA at distributor Bell Micro, said that it was unlikely a buyer had entered the frame.

"If anyone was gonna buy the business, they would have done so by now," he said. "It would take a brave soul, or a very bold individual to buy it now."

The firm went into administration just over a year ago on 3 August 2007. Since then DTE Leonard Curtis has been handling Evesham Technology’s case. Most staff were laid off.

In February TimeUK founder Tahir Mohsan put the Evesham brand up for sale, following the departure of the firm's co-founder and chairman Richard Austin a month earlier.

At the time Mohsan claimed that his Dubai-based outfit, PCC Technology, had “successfully completed” the “restructuring” of Evesham Technology Ltd.

However, since then no buyer has stepped forward with an offer.

Evesham Technology notched up outstanding debts close to £7m by the time of its collapse, owing money to vendors and disties including Microsoft, AMD, Avnet, Ingram Micro, Western Digital, and Computer 2000.

DTE received claims in excess of £3.6m from secured creditors. But unsecured creditors were told in October that there was no cash left in the pot. ®

comment icon Read 7 comments on this article alert Send corrections

Opinion

Lost

Jennifer Baker

European Commission still silent despite Ireland's plea

Neil McAllister

Claims that cloud will drive Oracle's future growth ring hollow

Features

AWS and Salesforce match up to Ellison's hardware
Five years on, what did Larry's lot do to Sun's partner network?
But here's why we're (probably) not staring at a crash
BlackBerry Passport
Network intelligence - our secret weapon