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 ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
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.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.