Vantis plc is one of the UK’s leading accounting, tax, business recovery and advisory groups, focused on servicing SMEs and owner-managed businesses, as well as private individuals. When IT Industries became aware that Vantis plc had been appointed administrators of Linmark Electronics Ltd, we offered our global inventory management services.
We demonstrated proven expertise in dealing with distressed stocks through past administrations; Miller Bros, Time, Powerhouse and LBE t/a Partners in Europe, to name a few.
Despite entering the bidding process a week later than other bidding parties, we made an offer to Vantis of approximately £300k for the remaining stock. Our offer was put forward in a matter of days. Vantis accepted the offer and returned significantly higher returns than they would have obtained via any of the other offers.
Micro P is one of the oldest and largest Distributors of IT and Technology products in the UK Reseller Market. The company asked IT Industries to assist in opening up the European market for its products.
The products comprise a variety of de-commit orders from retailers or
vendor-supported stock clearances.
IT Industries uses its worldwide contacts to achieve the best selling price possible. As a case in point, IT Industries exported 25,500 photo frames into our worldwide channels within Micro P’s 4 week timeframe.
ITI have been awarded the prestigious status of 'Authorised Economic Operator' by HMRC.
An AEO certificate means that we are considered a secure trader and reliable trading partner by HMRC. This status is an internationally recognised quality mark showing that our role in the international supply chain is secure, and that our Customs controls and procedures are efficient and compliant.