Feeds

Hard times force P&I out of hardware

Reseller cuts back, appoints accountants to help it secure trading future

  • alert
  • submit to reddit

Internet Security Threat Report 2014

A string of losses and a roll-call of unhappy creditors have forced P&I Data Services to pull out of the low-margin PC hardware market. The Hampshire-based reseller has appointed accountancy firm Baker Tilly to help it put together a plan to keep creditors at bay and the wolf from the door as it goes through a major restructuring exercise. According to this week’s PC Dealer, the weekly channel newspaper, P&I has laid off 45 staff and is severing ties with Compaq, Toshiba and Siemens Nixdorf – although it will continue to sell Compaq servers. Ian Summerfield, P&I managing director, told PC Dealer: “We have refocused on value-add areas and have effectively moved out of the hardware business.” Exactly how P&I will turn things round is unclear. According to the PC Dealer report, Baker Tilly has not yet formulated a recovery plan. Any such plan would have to get the backing of P&I’s creditors to avoid further problems. P&I has been languishing in the red for the last 18 months and for the year ending September 1997, made a £150,000 loss on turnover of £12.6 million. The company was named Reseller of the Year two years running at the PC Dealer Channel Awards ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.