P&P Plc has quickly found a buyer for its volume computer distribution business which should mean that it can reverse at least a part of the UKP8.9m provision it took against its most recent figures to cover costs of closure if a buyer could not be found. The unit is going to Merisel (UK) Ltd for a price said to be just over UKP500,000. The business has sales of around UKP40m a year, but was losing money. The agreement does not affect P&P’s specialist distribution activities such as Principal Distribution and P&P Power Systems, the firm noted.
