Time called on online off-licence

Lastorders.com is the latest dotcom casualty.

The Edinburgh-based online off-licence has announced it is in voluntary liquidation.

Lastorders began trading in July 1999 and was one the first companies to launch an internet-based ordering and delivery service for beer, wines and spirits.

It employed 15 staff and had an annual turnover of about £1 million.

Shareholders and directors have appointed KPMG Corporate Recovery as liquidators.

The liquidation was caused by lower than forecast sales.

Joint liquidator Gary Fraser said: "Lastorders.com has a high-profile business model, leading edge technology and a strong brand name.

"We will be marketing the brand and technology for sale and are hopeful there will be considerable interest in the business and assets."

He added: "The difficult trading conditions faced by Lastorders will be experienced by other dotcom and technology companies trying to restructure their business to meet changing market conditions."