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Evesham sale raises concerns

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Retired Tech

Retired Tech

    Retired Staff

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Creditors of Evesham Technology are rumoured to be stewing over the rejection of a genuine offer for the troubled system builder that would have saved it from going under.

Nick Smith, marketing director at Elonex, said: "Legally, directors have to do what's in the best interests for a company and its creditors and I'm not sure that has been the case here. We put on the table a genuine offer of £1m for Evesham several months ago. We had lawyers draw it up and had the extra investment needed to prop up the business.

"Our offer also involved a plan to keep the business afloat rather than send it into administration. It will be interesting to find out if the administrators were aware of this offer," he said.

However, the Evesham brand looks set to live on after former Time/Tiny founder Tahir Mohsan, salvaged the company with a $22m injection as part of a pre-pack administration deal under accountancy firm Leonard Curtis

GeeMore, trading as Evesham Technology, has 138 former Evesham staff on board and plans to focus on consumer electronics and high-end PC systems.

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