3/19/2008 11:02:00 AM
Rivals eye up troubled Unique Distribution's stock
Unique Distribution’s stock is believed to have been offered to rival distributors, after its Abingdon sales team left for rival Brightstar last week.
A source told Mobile that a third party was circulating a list containing details of the contents of Unique Distribution’s warehouse, after HM Revenue and Customs successfully fought for the reappointment of a firm of accountants to supervise the affairs of the business.
Unique’s commercial director, David Hinc, said his company was not offering stock to rivals. However, he confirmed that accountants Chantrey Vellacott were once again managing the day-to-day affairs of all of parent company IGB’s assets.
As revealed on www.mobiletoday.co.uk last week, 20 of Unique’s sales team - including sales director Jo Bennett - moved to Brightstar, sparking rumours of a possible takeover of the troubled distributor.
Unique is one of a few distributors to have a coveted agreement to distribute Nokia handsets, and some industry figures said that could be enough to prompt a bid for the Hayes-based company.
Following Nokia’s recent announcement that it would conduct a review of all of its distribution partners, Unique’s relationship with Nokia has become less of a selling point.
Hinc said that despite rumours of a possible takeover, it was not something they were planning. He said: ‘From an IGB perspective, they don’t wish to sell’.
Unique staff face the prospect of being shut out of their offices for a fourth consecutive week, but Hinc said he hoped they would be allowed back
into the building ‘this week’.
‘The building work has been completed – in terms of the physical work, that’s all done,’ Hinc said. ‘We just need the completion certificate so that we can get the insurance sorted.’
Hinc added that remaining staff in Hayes would be re-deployed to cover for those who moved to Brightstar.
A spokesman for Chantrey Vellacott declined to comment.