Computer Warehouse broken up by liquidators

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Computer Warehouse broken up by liquidators

Microscope contributor

The insolvency practitioner (IP) that was appointed yesterday to liquidate Apple reseller Computer Warehouse has confirmed that education supplier Academia has bought its professional audio and visual unit.

This is the second part of the London-based reseller to be offloaded according to MLG Associates IP Mike Grieshaber with the retail arm sold to Syco Systems, also based in the capital.

He was not in a position to comment on the reasons for the company's failure, the sums of money paid for each of the businesses or the debt owed to trade suppliers, he did however confirm that all staff were laid off last week.

Sources in the Apple channel have asserted that the recession and the reseller's reliance on the one brand pushed it over the edge.

Creditors have been notified of the pending liquidation and a meeting has been called for 15 April.

Incorporated in 1987, Computer Warehouse hit the buffers in the year to January 2007 when it filed sales of £10.9m, and pre-tax losses of £153,000.

In 2008 - the most recently filed accounts - revenues were £10.2m and it made a pre-tax loss of £338,000 but 2009 results were late in being filed.

Academia and Syco were unavailable to comment.

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