79 Ebuyer staff made redundant amid £2m sale to Frasers Group

ELECTRONICS RETAILER CALLED IN ADMINISTRATORS IN AUGUST

- By TOM KEIGHLEY

NEARLY 80 staff were made redundant amid the collapse of East Yorkshire electronics seller Ebuyer, which could see creditors miss out on nearly £30m.

Administrators of the laptops and computers retailer say 79 employees of the Howden Dyke-based firm lost their jobs, while 48 have transferred to buyer Frasers Group, which snapped up the £136m turnover business for just £2.06m.

New documents detailing the collapse of the prominent employer show it had suffered a major slowdown in its market, coupled with tighter support from its creditors.

Owners Mark Reed and Rich Marsden who bought Ebuyer only two years ago in a £26m deal - tried to turnaround the business but were knocked back by investors when they asked for more funds.