Feeds

Hard times force P&I out of hardware

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

  • alert
  • submit to reddit

The essential guide to IT transformation

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 ®

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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?