The sale came after MacIntyre Hudson was appointed earlier today as administrators. Paul Davis, principal and Adrian Dante, director at the administrators then moved quickly to sell the business.
Under the terms of the deal PC Peripherals, which is a UK components distributor, will buy the MESH Computers brand and will provide hardware support to existing customers still in the warranty period.
"The deal was reliant on a quick turnaround so we had to work hard to find the right buyer on a short space of time - whilst maximizing the return for creditors," said Davis.
The collapse of MESH happened against a background of recession and increased competition, added Davis: "It is not just the recession that has hit IT firms hard - the rise in demand for iPads and other tablet devices over laptops and PCs means we are seeing lots of changes in the sector across the entire supply chain, from manufacturing through to distribution and retail."
The 25 year history MESH had built up in the UK market was one of the main attractions for buying the brand said Reza Jafari, owner and company director at PC Peripherals.