Financial Problems and Closure
Evesham had invested heavily into the UK government Home Computer Initiative, and encountered financial problems when the government announced the sudden withdrawal of the scheme in 2007, leading to the appointment of Leonard Curtis as administrators. In August 2007, the company received a help package in the form of an investment of $22m from PCC Technology, a Dubai based investment fund controlled by Time Group founder Tahir Mohsan.
The chain of retail stores closed down and Evesham continued to trade as newly-formed Geemore Technology Ltd., a much smaller and re-structured company under the directorship of Austin, with about one third of the Evesham workforce. Customers were not immediately affected by the change. Geemore operated from the former Evesham premises at Vale Park, and the Elite Logo Company, a dormant business owned by Tahir Mohsan and Tariq Mohammed, was registered as secretary of the new firm. In February 2008, PCC Technology, issued a press release saying that the restructuring of the failed Evesham Technology was complete and had gone well under the circumstances. They also indicated that they were looking to resell the Evesham brand which was trading under the new company, Geemore Technology Ltd. After a lack of interest from potential buyers, however, the company finally closed down towards the end of March and the three-month contracts of all remaining Evesham staff who stayed on at Geemore expired. All consumer orders were fulfilled or deposits refunded, and a large number of staff were retained by Evesham while its operations were reduced in a controlled manner. Warranties however, lost their validity as Moshan's PCC did not provide for continued customer support under the terms of the original product guarantees.
A group of former staff from Evesham headed by former Evesham employee Robin Daunter started Tewktech, a company selling computers and offering repairs for a variety of brands including Evesham Technology.
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