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.
A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.
LEASEHOLD
This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.
FREEHOLD
A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.
LEASEHOLD
|
21
|
|
Apr
|
Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE
Early stage advanced data analysis company Rinocloud has bee...
|
19
|
|
Apr
|
Accountancy firm to expand in Scotland | BUSINESS SALE
A UK-based accountancy firm with offices peppered across the...
|
18
|
|
Apr
|
Recruitment firm acquires counterpart | BUSINESS SALE
Swindon-headquartered recruitment company Outsource UK has s...
Sign up to receive our acquisition alert emails to get your FREE guide
|
02
|
|
Apr
|
Administrators appointed at Yorkshire engineering firm | ADMINISTRATION
An engineering contractor from West Yorkshire has been force...
|
12
|
|
Jan
|
North East furniture manufacturer has entered administration | ADMINISTRATION
Godfrey Syrett, which describes itself as a “true Brit...
|
05
|
|
Jan
|
Airline’s engineering arm enters administration | ADMINISTRATION
Monarch’s last surviving division has fallen into admi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources