Feeds

Globalfarmers.com fails to see bumper harvest

Receivers appointed

  • alert
  • submit to reddit

Secure remote control for conventional and virtual desktops

UK dotcom Globalfarmers.com has gone into receivership and been put up for sale 18 months after nabbing investment worth £3.6 million.

The company, an online trader and information point for the agriculture sector, said yesterday that Tom Burton and Roger Griffiths of Ernst & Young had been made joint receivers.

Ernst & Young aims to find a buyer for the Edinburgh-based outfit, which was aimed at farmers and suppliers buying or selling goods such as fertiliser, seeds, fuel and farming equipment online, as soon as possible.

"We are looking to talk to those who recognise the value of the company's assets and can take the business forward," said Burton.

Last February the company managed to bag £3.6 million in financial backing from the Bank of Scotland and Caledonian Heritable Investments. It has around 20 staff, and 5000 farmers and 200 suppliers are registered to use the site.

Unfortunately, the company chose possibly the two worst industries this century to get involved with - the Internet and farming. To be hit by either Foot and Mouth or the dotcom bubble burst would be unlucky. But to be both...

In May, the globalfarmers.com site won the Grand Prix award at the New Media Age Effectiveness Awards thanks to its graphics, content and ease of use. No one from Globalfarmers turned up to collect the prize. ®

Related Link

Globalfarmers.com statement

Related News
Pig farmer wins top UK dotcom award
Online Farmers expose Reed Net House of Straw

Providing a secure and efficient Helpdesk

More from The Register

next story
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.