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Karma follows sister companies into receivership

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Karma UK has gone into administrative receivership, the final CHS Electronics domino to fall in Britain. Peter Copp and Edward Blackwood from BDO Stoy Hayward have been appointed administrative receivers for the PC components distributor. Copp said: "Failure of other companies within the CHS group has had a knock on effect on Karma UK, which has been trading profitably. "We are talking to potential buyers and expect to announce the results next week." The other CHS subsidiaries in the UK to be sold this week are: Metrologie UK, snapped up by Computacenter today from receivers BDO Stoy Hayward, and CHS Electronics Plc, sold to Northamber on Tuesday. Meanwhile, CHS is scrambling for cash sales on some of its Latin American businesses. ®

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