We've been mulling over the fate of Evesham for some time now, amidst various nuggets of news that have made their way to us. Including but not limited to details of various directors departing from the company and low staff morale. Today Evesham has issued two press releases detailing its future, having a dig at the government in the process.
According to one of the press releases, the Direct PC manufacturer is henceforth focusing on web and channel sales after the closure of the Home Computer Initiative (HCI) scheme that was backed by the Government. The release states that Evesham had "invested heavily" in the HCI scheme.
Part of the restructuring includes the closure of "most own-brand stores" in an attempt to make a balance sheet look a little better. On top of that, an investment firm in Dubai, named PCC Technology, has agreed to inject £22m of interim funding to "allow flexibility" and give managers a chance "to find a permanent solution".
PCC said it has confidence in the Evesham brand and will let the company continue day-to-day operations without interference.
Evesham MD Richard Austin has stated that all existing customers have nothing to worry about: "We would like to reassure all of our customers that they will continue to receive support from the same Evesham staff and that their existing warranties will continue to be handled with Evesham’s award winning service, as before".
The company reckons the investment money gives it ample time to sort itself out following the loss of the HCI deal, so let's see how one of the few remaining old-timer UK PC makers fares over the next few months and years.
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Related press releases:
Evesham restructures to focus on Web and Channel Sales after closure of Government HCI Scheme
PCC Technology agrees $22m funding for Evesham restructure
