Channel suitors pursue stricken 2e2 businesses

Administrators say a number of potential buyers for some or all of 2e2's businesses have already stepped forward

Two days after integrator 2e2 went under, administrators FTI Consulting say they have already received “significant interest” from channel firms keen to acquire parts of the firm.

Comms and networking services specialist Daisy Group has been named as one of the potential buyers for parts of the 2e2 empire. A Daisy spokesperson said the group would not comment on rumours or speculation concerning its plans.

In a statement, joint administrator Simon Granger said FTI was committed to protecting the business, its workforce and customer relationships. In regard to a sale, he said he was currently “exploring a number of options.”

In a separate letter to 2e2 suppliers, Granger requested that goods and services continued to be made available to the firm on existing credit terms when requested, though with the true scale of 2e2’s debt yet to emerge, this could be easier said than done.

Meanwhile, 319 of the firm’s staff – just over 20% of its UK headcount – were laid off yesterday, according to FTI.

The administrators said: “These redundancies were made across various parts of the UK business in order to reduce the cost base as a consequence of the recent deterioration in trading.”

Read more on Finance and Credit