Several parties have expressed interest in buying the Compustore name, it has emerged. The Dublin-based chain of computer retail outlets collapsed last month and has debts in excess of €4.3 million.
Compustore liquidator Mr David Hughes, of Ernst & Young said last night that he was now evaluating interest in the brand. Several Irish parties had contacted him about the possibility of using the name to trade.
It is not clear how much the brand name, which was a well-recognised one, is worth. It is understood that its value is included in the company's statement of affairs under goodwill. The directors put a figure of around €1 million on goodwill, but this would include people who were willing to still do business with Compustore.
The statement of affairs, prepared by the firm's directors showed that unsecured creditors were owed €4.39 million. The Revenue Commissioners are owed €695,000 plus €113,000 in VAT and PAYE/PRSI.
Compustore had four stores, including three in Dublin and there also some franchisees. The statement of affairs estimated that there is €2.5 million in realisable assets.
Four of the directors are owed more than €1.1 million, according to the statement of affairs. It is understood these are monies they invested personally in Compustore over the last year or so.
