Beleaguered PC company, Dan has finally called in the administrators in the face of mounting financial pressure. But it is holding out on making a decision about a buyout until the middle of next week.
After months of money troubles, Dan is in the hands of administrators
The company is already up for sale and is consulting accountants BDO Stoy Hayward over offers currently on the table. But as the PC vendor has been in trouble since earlier in the year, some industry experts believe there will be few to choose from.
Creditors are also concerned about the future of the company. One spokesperson told PC Advisor: "The investors may take the assets and not the customers. Whether they actually pay us is another question." There is also a question over how any purchase of the company will affect customers in terms of pending orders, warranties and support contracts.
One of Dan’s representatives attempted to allay such concerns, claiming: "There's no axe over the company's head. We are still waiting for investors to confirm the sale of the company. We're certain that Dan as a company will continue".
But one possible purchaser has now pulled out of the running. "We were willing to put enough money into the company to sort out the problems, but we didn't want to put the money in as a lifeline", explained a senior spokesperson for the company in question.
Perhaps it was put off by previous, unsuccessful, attempts to save the company. Back in February Dan was granted a temporary reprieve when a management buyout injected £2.5m in an attempt to keep the PC manufacturer afloat.