Wed, 01 Jun 2011 | DIVISION SALE
The UK's largest remaining independent computer maker, MESH Computers, has entered administration - but has almost immediately seen its brand and assets sold on to another computer company.
No sooner had administrators from MacIntyre Hudson been appointed to handle the process, than components distributor PC Peripherals snapped up the 25-year-old brand, with the intention of continuing the hardware support service for existing MESH customers.
Administrator Adrian Dante, said, "The deal was reliant on a quick turnaround so we had to work hard to find the right buyer in a short space of time - whilst maximising the return for creditors."
He said that the company had been struck hard not only by the recession, but also by the rise in demand for tablet devices like iPads over MESH's traditional fare of laptops and PCs. Dante explained that the shifting habits had caused an overhaul of their entire supply chain, from manufacture through to distribution and retail.
MESH Computers was founded in 1986, and has around 150 employees, working from a base in Staples Corner in London. Until its administration, it was owned entirely by long-term partner Max Sherafati who, since 2005 has steadily bought out a former business partner, Peter Ramiz, and shares owned by HBOS.
With succession planning in place, this is a great opportunity to gain a presence in Scotland with qualified advisers and back-office support.
Opportunity to acquire a single adviser FA, this practitioner has 140 households so you will be managing profitable clients.
A highly aligned business with three providers mostly used means integration will be smooth, reducing the cost of the acquisition.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.