Roach leaves Mitek Group
former managing director leaves to pursue other business ventures
The founder of Mitek Group has sold his remaining shares and has left the company to pursue ‘other interests’.
Malcolm Roach, former managing director of Mitek, has resigned from the Group, which includes Mitek Computer Components and Optronix.
The Staffordshire-based firm has survived a trying time over the past few months, entering into a Company Voluntary Arrangement (CVA) last October (CRN, 10 October). Then, just before Christmas, it received a seven-figure boost from multinational investment body Global Management Group Holdings (CRN, 12 December), which revealed plans to develop the Optronix range into a global brand.
“I’m not involved with Mitek anymore. I’ve been involved with the company for 16 years and I felt I needed to do something different. The distributor/manufacturer market is very difficult at the moment. Mitek Group is moving in a different direction, in something that is not my field. The time was right for me to leave,” Roach said.
Roach told CRN he is in the process of setting up a new business called Companies4U, which will be selling ready-made companies with VAT numbers and bank accounts already set up.
Nitin Joshi, client partner at Vantis, which is handling Mitek’s CVA, said: “Malcolm has a proven record in bringing business concepts to fruition. The disposal of his remaining shares in Mitek Group was inevitable and it frees him up to dev-elop his other ventures.”