Dan Technology up for sale

PC supplier blames ongoing industry credit squeeze

Several interested parties are rumoured to be hovering over PC supplier Dan Technology after the company placed its assets up for sale last week.

The north London-based firm was set up in 1988 and specialises in building and supplying PCs, software, servers and peripherals for the business, consumer and education sectors.

It has emerged that the firm is looking to sell its brand, staff, stock, order book and goodwill as a going concern.

A source close to the company blamed the ongoing industry credit squeeze as a major factor in its decision to sell.

Dan Technology is hoping for a quick sale and to avoid going into administration, according to the source.

"The brand has a good reputation, and the firm has a considerable database and a good level of clients, so it is an attractive proposition for a potential buyer," the source said.

Earlier this year the firm, which employs around 100 people and is believed to have had a turnover of about £35m last year, announced a management buy-out and the raising of extra capital through a consortium of private investors.

At the time, chief executive Raymond Yager said: "This investment will serve to accelerate our strategy of delivering one-stop tailored IT solutions and services to meet our customers' specific needs across all of our sectors."

Nitin Joshi, head of the computer sector at insolvency specialist Pannell Kerr Foster, agreed that the firm has a solid reputation in the industry.