Speculation mounts over Evesham
Employee reveals that system builder has not received any stock
The future of Evesham Technology remained up in the air as CRN went to press, despite staff being paid early.
As revealed by CRN last month, Evesham’s chairman Richard Austin officially put the company up for sale (CRN, 25 June). Four of the system builders’ board members then left - managing director Brad Walker; finance director David Hards; non-executive director Bill Joss and procurement director Shaun Morris – leaving just Austin at the helm.
Austin has allegedly claimed to have had three parties interested in buying the business, although strong contenders TimeUK.com and Centerprise have denied an interested.
The plot thickened last week as a source close to Evesham revealed that all staff had been paid a week early, but were “given no reason as to why”.
Eddie Pacey, director, credit services EMEA at distributor Bell Micro, said: “If Evesham is paying people early, it must be wrapping things up.”
An employee at Evesham told CRN: “We haven’t had any stock coming in and we stopped taking debit cards and cheques a while ago so effectively the business is being wound down. However, none of us are being told a thing.”
Nitin Joshi, founder of advisory firm Channelmoney, said: “Evesham has been an important player in the system builder market for a long time. While questions regarding the sector remain, it is a matter of looking at the proposition.”
Austin refused to comment, but reports claim the sale is due to be completed by the end of the month.