Dan Technology – how big was it anyway?
Why is no-one complaining
An unnamed buyer is waiting in the wings to buy Dan Technology, the bust computer builder, receivers BDO Stoy Hayward told Computer Buyer today.
And as a going concern. But as just about everyone was made redundant when the company fell into receivership last month, it's difficult to see what's going.
At the time of collapse, BDO issued a press statement saying that it would endeavour to fulfil outstanding orders and that warranty calls would be dealt with case-by-case.
Since then there has been a deafening silence from punters - we've received three emails asking after Dan's health, including one from a creditor.
When Tiny went bust, by contrast, we received hundreds of emails from first worried and then pissed off customers. But then Tiny was damn big company with hundreds of thousands of customers.
So how big was DAN Technology? The paucity of emails suggest that it was not writing much new business lately. The paucity of emails from existing DAN owners suggest that either a: they're bloody well built b: the warranties are covered and everyone's getting their PCs fixed c: DAN is a pretty small business.
Lack of worried customers is hardly a surprise, considering the withdrawal of credit cover by Euler Trade Indemnity, the major trade insurer, in February.
This meant that suppliers dropped or scrapped credit limits, forcing Dan to pay cash upfront. In the short term this limits the ability of the company to underwrite new business. And in the medium term it is effectively a death sentence. ®