Unique Distribution sold

Mobile phone distributor Unique Distribution is being sold to IT distributor Computer 2000, according to a report in Mobile News. Computer 2000 is a part of the US-based Tech Data group, which is already part of the Brightstar Europe distribution business. The sale is expected to be finalised within the next few days. The business is being sold by Chantrey Vellacott, the managing receiver appointed by HM Revenue and Customs after it launched a VAT fraud investigation into Unique Distribution's parent company IGB. Warehouse stock is being sold separately.

Unique Distribution for sale

Mobile News reports that Unique Distribution is for sale. Offers for the business must be made to the managing receiver by close of business on 2nd May, with Unique Distribution commercial director David Hinc preparing to lead a management buyout. Yesterday in Southwark Crown Court, a judge ruled that managing receiver Chantrey Vellacott, appointed by HM Revenue and Customs after it launched a VAT fraud investigation against Unique Distribution parent company IGB, had the right to sell the business. The buyer would not assume any liabilities of Unique Distribution or its parent company.

Unique Distribution CEO quits

Mobile News reports that Andy Tow, the CEO of Unique Distribution has left the company - and has been linked with a possible move to rival distributor Data Select.