Affinity Calls In Administrators - 3rd Time
Posted: 08th Apr, 2003 By: MarkJ
Affinity Internet Holdings (IH), which use to supply several UK ISPs with Internet access services, has called in the administrators for the third time in two weeks!:
A statement released by the company said simply that it had appointed Vivian Bairstow and Nick Hood of Begbies Traynor as its administrators. The news comes less than a week after it announced administration of its internet billing joint venture with Powergen, and just two weeks after appointed administrators for its Affinity Wireless subsidiary, leaving it with just its fixed-line telecoms business.
However it appears that even these measures, along with the sale of its loss-making internet units to Cleverview Investments early last month, have failed to save the company, whose shares were suspended from trading on 24 March at 27 pence, down from a peak of around £70.
So, could we be witnessing the last throws of a dying regime [ED: Oh wait.. that sounds more like..]? The future remains to be seen; more @ netimperative.info .
A statement released by the company said simply that it had appointed Vivian Bairstow and Nick Hood of Begbies Traynor as its administrators. The news comes less than a week after it announced administration of its internet billing joint venture with Powergen, and just two weeks after appointed administrators for its Affinity Wireless subsidiary, leaving it with just its fixed-line telecoms business.
However it appears that even these measures, along with the sale of its loss-making internet units to Cleverview Investments early last month, have failed to save the company, whose shares were suspended from trading on 24 March at 27 pence, down from a peak of around £70.
So, could we be witnessing the last throws of a dying regime [ED: Oh wait.. that sounds more like..]? The future remains to be seen; more @ netimperative.info .
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