Misco UK in surseance and releases hundreds of employees

British reseller Misco has applied for surseance and released hundreds of employees. This is exclusively about the British branch. Misco has cash flow problems and the tax service is behind the reseller because of unpaid VAT. Credit insurers are also less positive.

Misco tried to be taken over by American reseller PCM, but it failed. Around 300 people are fired.

Misco is a major reseller in the UK. The components in the continental continent of Europe such as the Netherlands were sold by Hilux Capital by the parent company  Systemax in early 2017.

Hilco Capital is known as a buyer of companies that are no longer growing strong. For example, HMV and Staples were taken over by Hildo Capital.

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