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25 Feb 2008
Comments:1
Speculation surrounding the future of Geemore Technology, which trades as
Evesham
Technology, was growing last week after it emerged that managing director
Richard Austin has jumped ship and left the ailing firm.
The Evesham brand has lived on for six months under the might of former
Time/Tiny founder Tahir Mohsan, whose Dubai-based investment firm, PCC
Technology, salvaged Evesham with a $22m (£11.3m) injection last summer.
Mohsan created a new firm, Geemore, to sell under the Evesham brand, with former
Evesham chairman Austin heading up the business. Last month, the PC assembler
admitted crisis talks had led to between 30 and 40 redundancies, but stressed it
was still in business and would continue with 80 staff.
However, only a skeleton staff remains on board and Austin is believed to have
left to join a US retailer, but was unavailable for comment as CRN
went to press. Companies House records show that a director resigned on the 15
February and a new director, John Aikman, was appointed on the same day. Aikman
declined to comment.
One source close to the company said: “Staff have been told to build what they
can from the remaining components and it sounds like that will be it. The brand
is damaged and no suppliers will support it.”
Meanwhile, an investigation is under way into the conduct of Evesham directors
when the firm entered administration last year.
Nitin Joshi, founder of advisory firm
ChannelMoney,
which is representing a number of Evesham’s creditors, said: “We have issues
relating to the disposal of assets and the recovery of debts.”
Evesham
sale raises concerns
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Do you agree?
Evesham warranties
I and many others still hope Evesham will somehow pull through, given the right backing. They were a great company.
But what is the latest silliness about Mr Mohsan's Total Support company charging Evesham customers for warranties already paid for in the purchase prices of their machines? If Mr Mohsan, owner of Geemore, has taken over Evesham, he should honour its warranties. If he won't, that's bad. It's doubly bad if he then charges people for fresh warranties to replace those he should already honour.
What faith can customers have in these new warranties, or the business ethics behind them?
I bought an Evesham laptop last March. It had a three year, supposedly on-site "Platinum" warranty. When the machine arrived after many delays and wouldn't even switch on, I had to fight long and hard to get Evesham to send out an engineer. I guess that even at that early stage in what has become a very sad liquidation saga, support staff were told to call back all machines for workshop repair to save money. "On-site" became meaningless.
I wouldn't touch one of these new Total Support warranties at any price. If Geemore will not cover Evesham warranties, I'd rather pay for repairs by a good local person than risk who knows what problems dealing by courier with a firm that appears dodgier by the minute.
Posted by Nigel | 25 Feb 2008
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