Fri, 12 May 2017 | ADMINISTRATION
Administrators appointed to struggling Microsoft distributor Entatech are looking to sell the business.
The Telford-headquartered company supplies PC hardware, software, components and networking to retailers, resellers and system assemblers.
Despite turnover increasing to £117 million in 2015, Entatech has endured a rocky ride over the past few years, leading to a takeover of the business and a company restructure.
Administrators KPMG, appointed earlier this week, decided to make 50 employees redundant. 29 staff have been kept on as options to sell the firm are explored.
Joint administrator Chris Pole said: “Entatech has been affected by difficult trading conditions for some time.
“Following a change in ownership and attempts to restructure the business, the loss of a number of key contracts and declining sales has led to a significant drain on the company’s financial situation.
“This ultimately led to the directors taking the difficult decision to place it into administration.”
Find technology businesses for sale.
Subscribe to the Business Sale Report.
Discover a rare opportunity to acquire a thriving retail and hospitality business situated in the heart of the South of England. This well-established venture includes a successful retail operation, a fully operational restaurant, and the entire free...
FREEHOLD
This UK-based furniture manufacturer and associated import business presents a unique opportunity to acquire an established enterprise with decades of experience in supplying major retailers with curated collections and bespoke pieces.
An exceptional opportunity to acquire a well-established agricultural haulage company in Yorkshire, boasting over 50 years of expertise in the handling, storing, and transporting of grain.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.