Myratech goes titsup

Myratech.net, the web hosting and design business, has gone bust. Shares in the AIM-listed firm were suspended last week ahead of the appointment of administrators

The administrator is Mr C K Rayment of BDO Stoy Hayward, Birmingham. Rayment is seeking a buyer for Myratech's 200 remaining customers, which include accountants Baker Tilly and the Rio Group.

The Birmingham-based business started life as a Sage reseller - this business was sold off in January to Electronic Business Systems Ltd for £160,000. Eight members of staff transferred to EBS. ®

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