Receivers go into PC Science
Catalogue of complaints and problems end in misery
Updated PC Science, the North Yorkshire manufacturer, has gone into administrative receivership. Receivers KPMG went into the hardware vendor's premises, near York, yesterday. What started off as a good year for PC Science -- it won the Asda contract in March -- has turned increasingly sour. It had its wrists slapped by the Advertising Standards Authority (ASA) over a national press campaign, lost its contract to supply Argos with hardware, and started suing supplier Protac over the compatibility of its motherboards. Then Trading Standards Officers started looking into the manufacturer when customer complaints soared to over 400. That investigation is still ongoing, according to North Yorkshire Trading Standards. The Office of Fair Trading (OFT) also became involved, and was looking at reconsidering the vendor's credit licence and aiming to better customer support levels. A PC Science representative this morning confirmed that the receivers were on the premises, but was unable to comment further. PC Science MD Charles Forsyth was not in the office as this story was posted. KPMG issued the following statement about Boroughbridge-based PC Science: "The company, which has achieved meteoric growth in the past few years, has found itself unable to finance its expansion. "The receivers are currently reviewing the position but believe it will be impossible to avoid some redundancies amongst the 180 strong workforce." "It is clearly early dates but I am hopeful that we can sell the business as a going concern", said joint receiver Peter Terry. The customer after sales service and support is operated by Target Computer Maintenance Limited. This firm was not subject to the appointment, said KPMG. ®
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