Feeds

Evesham sale imminent?

TimeUK tipped to takeover as more senior board members walk

Internet Security Threat Report 2014

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." ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
Intel, Cisco and co reveal PLANS to keep tabs on WORLD'S MACHINES
Connecting everything to everything... Er, good idea?
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.