Hot on the heels of news that Beta Distribution's bid to buy Entatech collapsed the struggling Telford-based IT distie fell into administration. In February 2016 Entatech settled its lengthy legal battle with the liquidators of Enta Group company Changtel and became solely owned by Stevinson Capital, a business controlled by Entatech MD Dave Stevinson (pictured).
The settlement was a long running, challenging and complex deal involving multiple firms of lawyers, and at the time Stevinson ranked the outcome as his best career achievement.
Dabs.com founder David Atherton shared Stevinson's vision and joined Entatech as Chairman.
Dabs.com was one of the earliest online retailers of IT equipment, growing from scratch to over £200 million revenue per annum. Atherton sold the business to BT in 2006.
On Entatech's challenge Stevinson said in August last year: "Our challenge and opportunity is to be different from the big four competitors. So we are becoming more relevant to our clients and working smartly in niche sectors, using digital technology and advanced analytics as differentiators and accelerators."
It is believed that the planned sale of the business to Beta Distribution was scuppered by issues relating to due diligence.
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