PracticePeople In PracticeDeloittes highlights potential in dot.com failures

Deloittes highlights potential in dot.com failures

The appointment of liquidators for collapsed internet company Boo.com, represents a real opportunity for growth, according to Deloitte & Touche.

A report called The Dot.com Aftermarket suggests many retailers should now consider whether it is worth developing their own website when they could try and acquire one that already exists.

KPMG, the liquidators for Boo.com, yesterday emphasised the strengths of the troubled e-tailer’s back-end operation. Business Recovery partner Mike McLoughlin said: ‘The infrastructure has a huge capacity. This represents a real point of interest for potential buyers.’

The Big Five firm believes it could sell the back-end separately to another retailer, leaving the Boo.com brand and website available for other offers.

And Deloittes audit partner in e-business Roger Miles agreed.

‘While a retailer is unlikely to get an online player for a rock-bottom price, boo.com suggests it is becoming more feasible to consider such acquisition without breaking the bank,’ he said.

‘As the shakeout continues in 2000, the price of acquisition will become more realistic, and the enterprising retailer can capitalise on the e-tailer’s assets.’

The Dot.com Aftermarket

Boo.com

KPMG gives Boo.com buyers 24 hours to raise £1m

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor