
Goodbye, HCI...
Published: 7 August 2007 08:58 BST
Evesham Technology fell into administration on Friday, blaming the business' troubles on the government's decision to axe the Home Computer Initiative.
As a consequence, 150 staff will lose their jobs at the Worcestershire-based company.
Evesham, which sells a range of IT equipment, including PCs, servers and storage kit, had invested heavily in the Home Computer Initiative (HCI), which allowed employees to buy PCs tax-free.
Then Chancellor Gordon Brown announced in March 2006 that he was to pull the plug on the scheme, a decision which placed Evesham in a delicate financial position.
Nevertheless, the company will continue trading following a £22m interim investment by Tahir Mohsan, who now runs PCC Technology.
A new company called GeeMore Technology will now trade as Evesham Technology.
Evesham chairman and founder Richard Austin said: "I can confirm that Evesham Technology went into administration on Friday. It's no secret that Evesham Technology has been going through some financial difficulties, having not been able to replace lost revenue of £30m which was wiped off the company's turnover following the decision made by the government to axe the HCI at short notice. We had heavily invested and allocated many resources to the HCI scheme."
Austin said that existing customers would still receive support and that warranties will "continue to be handled with Evesham's award-winning service, as before".
Tahir Mohsan was one the owners of Time Computers and its holding company, Granville Technology Group (GTG). Granville went into administration in July 2005, before collapsing leaving debts of £70m and the loss of more than 500 jobs.
Richard Thurston writes for ZDNet UK
s award-winning software and technologies have redefined business, entertainment, and personal communications by setting new standards for producing ...
The Eze OMS, our award-winning order management system (OMS), has been a market leader of investment technology since its launch in 1995. and our ...
Additionally you will need maintain and help mobilise the company's IT kit and supervise software maintenance and upgrade - Quad graphic cards, UPS, ...
Agenda Setters 2008
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Seb Janacek Minority Report: What's up with Apple's laptops? WWDC keynote: Few surprises but plenty of questions
Seb Janacek Minority Report: My predictions for the Mac developer event From OS update to new iPhone handset