Administrators sell website name for £120,000
Steve Tancock sells one of website provider's domain names
Steve Tancock sells one of website provider's domain names
THE ADMINISTRATOR of a website provider has sold one of its registered domain names for £120,000.
Steve Tancock, a restructuring partner at Reeves & Co and the administrator, sold the website www.britishinformation.com from insolvent business Stem Distribution.
Specialist valuers and agent AMCO Agency worked with administrators in securing the website’s sale.
The sale included ancillary websites and coding used to operate the sites.
“I am pleased to have successfully secured this sale which should result in a return to the unsecured creditors,” said Tancock.
“My agents continue to market the remaining assets of Stem Distribution Limited which include a number of generic domain names and Oooba Limited. We are hopeful of increasing the anticipated return to creditors in the near future.”
The numbers you crunch tell a story. Your expertis...
13yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleBody Shop, Ted Baker, Farfetch, MatchesFashion and Wilko among latest retailer insolvencies. Number of businesses in trouble are the highest in five y...
View articleInsolvency statistics in the UK for the second quarter of 2023 were the highest since 2009 with 83% of them relating to small businesses Read More...
View articleThere were 6,342 recorded company insolvencies in Q2, reflecting a 9% increase compared to the number of insolvencies in Q1, and a 13% increase compar...
View articleThe survey paints a “brightening” picture of the global economy, according to the ACCA Read More...
View articleThe pandemic may have “distorted” some economic data Read More...
View articleAdvisory firms must offer a “more supportive” and holistic approach to clients amid the economic downturn Read More...
View articleHaving a clear plan and clean data to help optimise the use of scarce resources will be key for businesses Read More...
View articleThe Coronavirus Job Retention Scheme has supported millions of jobs amid the pandemic, but with the support measure set to end in September, how can a...
View article