Tag: Beta Distribution

Beta Distribution’s Dutch arm crashes

Posted on February 19, 2019 by - News

Beta Distribution’s Dutch arm which survived all its parent company’s problems has declared bankruptcy owing more than €2 million.

A Dutch-language report posted on bankruptcy website Faillissementsdossier, the subsidiary declared bankruptcy on 21 December 2018, with a debt pile of nearly €2m (£1.7m).

The Dutch arm saw turnover of €40 million in its financial 2017-2018. At the time of the administration, it had €730,000 of book stock, and trade receivables debt of nearly €2 million. A third party has since bought the Maastricht-based subsidiary for a prepaid purchase price, as well as the book stock.

Beta distribution goes the way of Betamax

Posted on December 17, 2018 by - News

Beta Distribution has crased owing £36 million according to a recently filed administrator’s report.

Deloitte was appointed as administrator for the failing distributer in October, and it declared that Beta did not have enough money to cover debts owed to unsecured creditors.

“We do not think that the companies have sufficient property to enable a distribution to be made to unsecured creditors,” the letter said.

Beta reported a £186 million turnover in its last financial year ending 31 March 2017  but owed over £14 million to trade creditors, and three million to the tax man.

Beta Distribution calls in administrators

Posted on October 18, 2018 by - News

Troubled Beta Distribution has gone into administration.

Deloitte has confirmed that Clare Boardman and Richard Hawes, restructuring partners at the company, have been appointed as joint administrators of the £180 million revenue outfit.

Boardman said that Beta had been experiencing increasing competition in the consumables market and this has placed it under a degree of liquidity pressure.

“It is a large importer of products from Europe and has, amongst other pressures, experienced issues with foreign exchange rates. Despite interest from a number of parties, no sale of the overall business was achieved and the directors took the decision to place the business into an insolvency process”, she said.

For its financial year ending 31 March 2017, London-based Beta saw turnover of £186 million and net profit of £950,000, but last month extended its current accounting period.

This is the third big distribution bankruptcy in as many years following the collapse of Steljes in 2016 and Entatech in 2017. In fact Entatech was nearly bought by Beta at one point.

Deloitte stressed that the outfit’s Belgian arm, Beta Distribution BV, is not subject to any insolvency process and continues to trade, .

 

Beta Distribution helps in Netgear’s channel plans

Posted on September 5, 2017 by - News

banner_6469Beta Distribution is part of Netgear’s plans to reach more networking resellers by expanding its distribution roster.

The vendor covers both the enterprise and consumer markets and the distributor is keen to take it out to its customer base.

Beta product manager Ben Jackson said that the combination of the Netgear name and reputation in the market and Beta’s reach into a wide spectrum of resellers, from etailers to MSPs and everything in between, means this is a tremendous opportunity for both companies.

Netgear joins other vendors Samsung and Billion in the networking products listings that Beta can offer resellers.

Oliver Randall, UK sales manager at Netgear, said that the partnership should enable it to add to its channel footprint as Beta has the reach into the reseller community.

“Our product portfolio has expanded over the past two decades from Ethernet hubs to switches, advanced WiFi systems, network attached storage and smart home. Beta has the inhouse expertise, both in Account Management and technical knowledge, to very effectively support the product range into the reseller,” he added.

Netgear has been building its channel numbers up over the last two years as part of a campaign to increase its B2B sales.

The firm has not only rolled out more product for the enterprise market but has supported the channel with a global programme and greater help for those entry-level partners trying to get involved with the networking market.

Connected makes Vine main channel man

Posted on June 4, 2014 by - Moving People, News

Kevin VineKevin Vine is to be a VP of Connected Data and will expand the company’s channel efforts.

Vine has previously worked for Buffalo and for megadistie Ingram Micro.

He will continue to work with disties including Ingram, CMS, Comline and Beta Distribution but will also aim to boost the number of channel partners selling the Drobo “smart storage” range and the Transporter cloud offering.

Vine said that these brands “present a compelling proposition to build a major channel business across EMEA”. He said the technology is outstanding and the business potential to sell and integrate the products is “excellent”.

In the role, he will report to Jillian Mansolf, executive BP of global sales at Connected. CEO Geoff Barrall said he has a background in building US product market share in the region.  Connected will concentrate on building its sales, marketing and technical support in the region as part of a  major push in the second half of this year.