Scotsys calls in the administrators

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Scotsys calls in the administrators

Microscope contributor

Scotsys has become the second Apple reseller to go down in the last month after it called in administrators PricewaterhouseCoopers (PWC).

The Lanarkshire-based firm, which also resold HP and Microsoft, was founded in 2002 but saw its financial results head south more recently.

A spokeswoman at PWC confirmed that Bruce Cartwright and Graham Frost based out of its Edinburgh office were appointed yesterday to handle the administration but was unable to comment further at this time.

Scotsys was acquired by Adventi Group in 2005 to create one of the largest independent Scottish resellers with a turnover of just over £14m. It claimed to provide 80% of all Apple PCs sold to schools in the country and trained 14,000 teachers on IT use.

However problems emerged in early 2008 when Apple began rolling out its retail stores, launching one in Glasgow to rival Scotsys' outlet which inevitably caused it to close. 

This did not dull Adventi Group's ambitions and later that same year it poached Oracle Scotland boss Eddie Chance to join its board and develop new business, but he subsequently resigned in July 2009 to set up a management consultancy.

The impact of Apple's strategy was visible in its results in the year to September 2008, sales had fallen to £9.2m and it made an operating loss of £642,000 and a retained loss of £545,000.

Parent company Adventi has also been placed into administration.

Only last month, long running Mac dealer Computer Warehouse was broken up and sold after running into financial difficulties.

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