e-Net goes into receivership
You might know it as Relay Business Systems
Bristol-based reseller e-Net has gone into receivership.
The company is one of the UK's biggest resellers for Oracle and Sun and is still widely known by its former name - Relay Business Systems. It is also an ISP and an ASP (application service provider).
The company's last set of accounts, filed for the year to March 2000, show sales of £24.8 million and a net worth of £647,000. It had 45 staff at the time.
1999 turnover was £28 million and there were "120 skilled staff, located in our new HQ in Bristol and five regional offices throughout the UK", according to information posted on the company's site. Which gives some idea of the swift decline. Or perhaps over-expansion.
e-Net is wholly owned by e-Medsoft.com, which bought the reseller in 1997. Apparently the company looked for support from its US parent, but none was forthcoming.
Robert Birchall of PricewaterhouseCoopers is the receiver. ®