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PC Science stock sold by administrators

Clearing out the warehouse today

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The leftover stock of defunct PC manufacturer PC Science is going on sale today in Boroughbridge, North Yorkshire. Joint administrative receivers Julian Whale and Peter Terry of KPMG instructed the tender sale of the company's stock of finished goods, components and kit. Viewing will take place until 4.30pm this afternoon, with a five per cent buyer's premium applicable. The 1050 items of kit will be displayed in the company's former warehouse in the nearby town of Yarm. A KPMG representative was unable to say how much money it was hoped would be raised from the sale. PC Science went into receivership in July, leaving up to £8 million of debt. At the time Terry said it was hoped the business, which had 180 employees, would be sold as a going concern. PC Science came under investigation from the Serious Fraud Office to see if there were any criminal undertakings in the running of the business or in its demise. The SFO this morning confirmed the enquiry was still ongoing. Details of the sale can be found here. Tenders close on Friday at noon. ®

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