Misco about to go into administration

14
Found 17th Oct 2017Edited by:"OllieSt"
You'll just have to believe me on this one, but don't place orders with them.
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I first read this as Misc. thought first FS section now Misc. Next Ask
Nope its nothing to do with HUKD
14 Comments
I first read this as Misc. thought first FS section now Misc. Next Ask
Nope its nothing to do with HUKD
FreeDeal4 m ago

I first read this as Misc. thought first FS section now Misc. Next …I first read this as Misc. thought first FS section now Misc. Next AskNope its nothing to do with HUKD


Lol, I thought the same
"I am looking forward to the next six months"
computerweekly.com/mic…ers
mabye he was planning a holiday ?
Mod
Haven't found Misco to be competitive for quite some time. Always get better pricing elsewhere.
Hmmm find this hard to believe.. but we shall wait and see..

They actually saved alot of money by closing a warehouse due to dropshipping more items.

Link
Edited by: "Dawsy" 17th Oct 2017
Original Poster
Future of Misco UK hangs in the balance


CEO dispatched to secure extra finance. If that fails, administration awaits
By Paul Kunert 17 Oct 2017 at 14:21

Misco Group Ltd is holding eleventh-hour talks to secure additional funding to turn around the business and stave off the threat of administrative receivership, multiple sources have told The Reg.

The majority of Misco’s European operations were sold to IT industry exec Alan Cantwell backed by Hilco Capital – the private equity business that rescued HMV and Staples (rebranded Office Outlet) – in March for an undisclosed sum, believed to be £1. Hilco is understood to not be a parent guarantor.

The previous owner, Systemax – which held on to the largest and most profitable operation in the Misco group, in France – had endeavoured to turn around the loss-making operation in prior years but gave up the fight. Systemax also ditched its technology supplier businesses in North America: there just isn’t the same level of profit to be had from box-shifting these days.


OllieSt4 h, 58 m ago

Here you go

Now if u said via el reg I may have believed you sooner..
Who?
Original Poster
An acquaintance that is senior positioned in HO.
OllieSt1 h, 53 m ago

An acquaintance that is senior positioned in HO.

Hope you sold all your shares before posting.
totally gone now. website down and in full admin mode.
misco.co.uk
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