The Register® — Biting the hand that feeds IT

Acquisitions boost Fayrewood sales

Makes £1.45 million for year

Increase your knowledge of the latest threats to your busines

Fayrewood spent nearly £50,000 on abortive acquisition costs for the year to April 1998, as well as successfully completing a number of acquisitions. The AIM-quoted computer equipment reseller made £1.45 million profit for the year, with an annualized turnover of £120 million after its acquisition of notebook and peripherals distributor Interface Solutions in May. As well as acquisition costs. Fayrewood was also hit by the strength of sterling, which knocked seven per cent off turnover. Profits at Interface Solutions are expected to be low. Fayrewood operates in a number of European countries, owning Banque Magnetique in France - which is growing strongly, aided by the buoyant French economy, according to the distributor - and ComputerLink in Germany. The Fayrewood results include five months combined with those of the German distributor. The group forecasts £3 million profits for next year.

See what The Register's experts have to say on application security

Don’t Miss

Win a Samsung C6625!

Reg Lucky Draw Windows Mobile handsets up for grabs

Palm_Pre_001_SMIs your cameraphone an oxymoron?

Pic Review iPhone 3G v iPhone 3GS v Palm Pre

Reg black vulture logoReg Mobile and Wireless newsletter is go! go! go!

Site news Email-tasm

Sign up, sign up for The Register IT security newsletter

Narrowcasting for the email classes