Components distributor Osmosis is understood to be scouting around for a buyer to escape the market's depressed condition.
The west London company, which has had part of its trade credit insurance withdrawn by insurer Gerling Namur, is thought to have approached a number of potential suitors in the past six months.
Alex Campbell, marketing director of Osmosis, said: 'I've heard the rumours as well but I can't confirm or deny them.' He blamed the distributor's trade insurance problems on unfounded rumours that had led to 'jumpy' insurers pulling cover.
'Our credit limits have been cut by some of our insurers. We met with them last week and there is a review going on. I expect our cover will be reinstated by Thursday (22 April). We have stock and we are still trading normally,' he insisted.
Several industry sources claimed that majority shareholder and managing director John Fenton has been looking to sell the #200 million business. Distributors Northamber, Datrontech and Ingram Micro have been noted as possible buyers.
One industry insider said: 'It would make sense if Northamber has been talking to Osmosis. It would give Northamber access to OEM Microsoft business that it doesn't have at the minute.'
Graeme Watt, managing director of Computer 2000, said: 'It's bad news when you are in a business that is so jumpy. You need to work with your bank and insurers and it's difficult when they see the likes Roldec and others disappear overnight.'
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