Evesham Technology confirmed dead
End of the road for UK system builder
Evesham, the defunct British computer maker, has been dissolved following a lengthy administration.
A Companies’ House document has revealed that Evesham Technology Ltd, Evesham Technology Holdings Ltd, and Mertec Evesham Technology Ltd moved from administration to dissolution status on 30 January 2009.
"All assets of the companies have now been realised." according to the report penned by DTE Leonard Curtis joint administrators JM Titley and A Poxon.
The administrators had tried to recover assets from a “motor racing car” understood to belong to Evesham Technology’s previous owner, Richard Austin. But they were unable to secure an appropriate buyer.
“After an initial review of the asset was completed, an offer was received that was pursued by the administrators,” reads the report.
“Unfortunately a sale was not completed and our agents advised that the costs involved uplifting the vehicle outweighed any likely realisations from a forced sale scenario. Subsequently the asset has been abandoned."
Administrators pulled in a small sum of money from a company Evesham Technology had previously invested in.
It said £1,000 was expected to imminently arrive from Bentley Jennison Business Solution Ltd, in which Evesham Technology held a 10 per cent stake. DTE noted that it was unable to raise value from shares in the firm that is now known as RSM Bentley Jennison, because it "is currently not profitable at this time".
Claims from employees for unpaid wages are being dealt with by the Redundancy Payments Office, which has received a “preferential claim in the sum of £62,685.76".
But there was no money to pay out to preferential creditors due to "insufficient funds," which probably explains why the firm has been dissolved rather than shifted to voluntary liquidation.
Time UK founder Tahir Mohsan's Dubai-based outfit PCC Technology, which on 1 August 2007 mounted an apparent $22m (£11m) rescue package for Evesham Technology just 48 hours before it went into administration, has already been paid £4.1m from the sale of the land and buildings.
Next page: Decline and fall
Best computer I've owned
I bought my PC from Evesham 7 years ago, and its still going strong. Never given me any bother. The local Evesham shop closed 2 years ago, but still hasn't been filled and the logo dominates the high street still. A shame the company that put quality over price failed.
A sad day
Another UK company bites the dust.
there was a report on radio four mentioned the evesham death throes
they were referencing pre-pack administrative wrap-up for companies.. there was talk of some mildly dodgy goings on with monitors and accountability for lost stock and such.. allegedly.. was it File on Four or somesuch.. they couldn't get anyone from the old co. to speak to them..
Anyoneone know where this abandoned car is? I'll happily "uplift" it :-)
Back in the day
I bought the first PC for my business from Evesham in 1994 or 95 - drove there and picked it up (I'm fairly local). I remember the sales guy demonstrating the 4x CD ROM's speed by pointing out how quickly the drawer popped out when you pressed the button... 32mb ram, 2gig hard drive, 17" monitor and a colour printer - all for around £3,500. Bargain.
Mind you, it's still being used by my ex-wife's father for putting newsletters together - not bad for a machine almost 15 years old