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SMC buyer announced

£20k sale

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Internet Security Threat Report 2014

Updated The receivers of SMC Computers today sold the Slough reseller for £20,000.

Send It Now, part of Aldershot-based Upgrade Options, bought the trademarks, Website, customer lists, furniture, fixtures and intellectual property of SMC this afteroon.

It will not take on SMC's debt of more than £1 million; and all 75 staff have lost their jobs, according to Andrew Pear, a senior manager at receivers Howarth Clark Whitehill & Co.

The sale did not include remaining SMC stock, which will be sold off separately.

Howarth Clark Whitehill & Co were called in as receivers at SMC two weeks ago, which had a turnover of £17 million while still trading.

SMC has no connection with the networking equipment company of the same name. ®

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