UPDATE: Evesham has now officially entered receivership - get the full story here
British PC manufacturer Evesham Technology is on the verge of being bought out. Reports suggest that TimeUK.com is the prospective purchaser.
Four Evesham directors have recently resigned, leaving only owner and chairman Richard Austin. Austin recently confirmed that the UK computer vendor was in talks with several interested parties.
Documents were filed with Companies House on 26 June for the four Evesham directors’ resignations. Under the Companies Act, a single person is not allowed to act as sole director and company secretary, so Austin must intend to sell Evesham, and TimeUK are strongly rumoured to be front-runners to buy.
TimeUK was set up in 2005 following the liquidation of the Granville Technology Group - formally the parent company of PC vendors Time and Tiny. TimeUK.com, owned by Digital World Group, is owned by former Time and Tiny owners Tahir Mohsan and Tariq Mohammed.
Neither Eversham or TimeUK were available for comment.
Comments
d p gregory said: im not suprizedevesham has gone bust they are far too expensive for what you get
Aesop said: Why would anyone want to work for someone who has already taken two companies into liquidation and will no doubt do so again when the Time is rightWhy would anyone want to buy a product that is tainted by the words Tiny and Time Will the reborn Evesham be called Time and Time AgainThis really is the ultimate p--s taking
Al said: I agree with the commnets about not buying from Time computers amp this is not the way to treat staff members
ag said: what a disgusting amp humiliating way to treat the staffsome who have been there for yearsrichard austin should be ashamed of himself
Rahul said: Id never buy a Evesham PC if Time were the new owners Just like you wouldnt buy a BMW if it was owned by Fiat its a dark future
Newbie said: This is sad news I would NEVER buy from TimeUK after what they did to there previous two buisness buy-outs I think the goverment should step in and stop these two guys ruining more and more of our British companies Im horrified that the CEO Richard can let all his hard work go down the drain by selling to TimeUK This is not accetable I feel sorry for teh staff and the customers who own Evesham Machine as they can say goodbye to their warranties Bad news
sexpest said: possibly not TIME but maybe TIMEs owners
pest said: no way dude