Acquisitive Rapid Group has picked up the assets of troubled Microcore Romford after the Apple dealer plunged into liquidation following a failed purchase bid. In May, Scottish dealer DAS Securities bought Microcore Romford, trading as Apple Centre Romford, for an undisclosed sum in order to gain a significant presence in the South (PC Dealer, 14 May). But DAS proprietor David Jesner confirmed last week that the firm had backed away after discovering the ?figures were not what we were expecting?. Jesner said: ?We were left with no option but to pull out.? He refused to say why DAS had pulled out of the sale. John McCartney, managing director of Rapid Group, said: ?Apple Centre Romford has seen some turbulent times, which ended with a liquidator being appointed. We have never made any secret of our acquisitive nature and were one of the first to make a bid.? Rapid Group refused to reveal how much it paid for the assets ?- which included goodwill and customer base payments ? although the figure is understood to be from #22,000 to #26,000. The business at Apple Centre Romford will be pushed through Rapid?s existing site of Apple Centre Cambridge. The firm has invested #55,000 revamping the Cambridge outfit. Jesner claimed that DAS would continue to bolster its London office and has employed 13 staff for its base. The number will eventually increase to 20 employees. He said the Microcore deal had not deterred the company from buying a reseller in the South, but admitted that it was not actively in talks with anyone except a Scottish reseller.
Infrastructure provider says international sales now make up 51 per cent of its revenue
Suzanne Chappell of TMS plans sailing venture after selling Oxfordshire-based TMS to acquisitive Chess
Withdrawal of credit insurance by some providers a 'reflection' of current challenge facing IT sector, according to MD Steve Soper
SMART's UK managing director joins Lenovo to boost SMB business