Penarth-based company goes into administration
8:02pm Wednesday 15th January 2014 in Penarth news
A PENARTH-BASED company has gone into administration with the loss of more than 30 jobs.
KMS Components Limited, of Terra Nova Way near Tesco, went into administration on Wednesday, January 8, last week. The company is one of the largest distributors of tablets and other computer components in the UK.
Of the 55 people that were employed at KMS House, by Penarth Marina, 36 have been made redundant with 19 staff currently remaining.
A statement on the company’s website said that Richard Michael Hawes and Matthew David Smith were appointed Joint Administrators of KMS Components Limited on January 8.
It adds: “The affairs, business and property of the Company are being managed by the Joint Administrators.
“The Joint Administrators act as agents of the Company only and contract without personal liability.
“The Joint Administrators are authorised by the Institute of Chartered Accountants in England and Wales (ICAEW).
“All licensed Insolvency Practitioners of Deloitte LLP are licensed in the UK.”
Staff at the premises said that they were unable to comment any further and that any questions should be directed to Deloitte.
KMS Components Limited was founded in 1994 and rapidly became one of the largest and most influential trade suppliers of computer components within the UK.
The company said on its website: “We pride ourselves on our independent friendly service, but our innovation and intense knowledge of the industry has led us to be on the cutting edge of the market.
“We have developed strong relationships with key manufacturers of computer components around the globe focusing on maintaining a high level of independent advice to our clients.
It adds: “From monitors, processors and memory upgrades, to motherboards, optical drives and hard drives, KMS are able to offer a flexible service which gives our customers choice and can tailor all components to suit their individual needs and requirements. This is the key to the success of our business.
“KMS are also a manufacturer of consumer electronics under the CnM Lifestyle brand. Offering products as diverse as small notebooks, hard drive docking stations and A/V products.”