Evesham sale imminent?
PrintTimeUK tipped to takeover as more senior board members walk
Posted in Hardware, 10th July 2007 08:40 GMT
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Evesham Technology looks set to be on the brink of a buy-out, with TimeUK rumoured to be the strongest candidate to takeover the firm.
As we exclusively revealed a few weeks ago, Evesham's owner and chairman Richard Austin confirmed to El Reg that the UK computer vendor was in talks with several interested parties.
We also learned that the managing director and financial director at the Worcestershire-based firm, David Hards and Brad Walker, resigned on 14 June this year.
We now know from Company House records that two more senior members of the Evesham team, non-executive director Bill Joss and procurement director Shaun Morris, handed in their notice just a day later. Both men left Evesham on 27 June fuelling rumours that an imminent sale is likely.
The departure of four board members has left a gaping hole at the top with Austin currently listed as both company secretary and director.
TimeUK is believed to be in the picture after sightings of its founders Tahir Mohsan and Tariq Mohammed were made over the past few weeks at Evesham, according to reports. But no one at the firm was immediately available to comment on the rumoured buyout.
Austin also declined to comment on the latest revelations surrounding the current state of the company he founded in 1983.
He told us in June that the firm, which is one of the last indigenous British PC makers, had been hit particularly hard by the withdrawal of the government's Home Computer Initiative scheme.
However, he had been unable to confirm what a potential takeover would mean for some 300 staff.
One ex-employee told The Register: "The people who work there used to really care and be pasionate for Evesham to be the best of the last that cared." ®
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