Specialist networking distributor Data Guild has gone into administrative receivership, but its reseller arm has set up as a separate limited company and will continue trading as Network Stations Ltd.
The new company was set up after network integration company Networks UK bought the assets of Data Guild's reseller business.
Negotiations for the sale were taking place before the receivers were called in at Data Guild on 24 July 1996. The sale went through on 31 July 1996.
The last available financial records were for the company's fiscal 1994, when Data Guild recorded a loss of u187,000.
Ray Jackson, managing director of Network Stations, said the mood at the company was optimistic as the buyout would give it access to greater financial pulling power when competing for business.
'Network Stations had been a highly successful part of Data Guild over the past two to three years and we had been looking to sell it for a long time. The distribution arm of the company had been experiencing some problems, but now we are in a position to concentrate on the areas where we excel.'
Jackson, former managing director of Data Guild, went on to say that while a number of staff who had worked at Data Guild's reseller arm had secured jobs in the new company, there had been job losses as a result of Data Guild's collapse.
The new company will specialise in providing remote access network solutions based on Cisco and 3Com hardware.
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