Stockshifters.com has ceased trading
We received news last week that Stockshifters.com has ceased trading. Part of Recoverex Ltd., Stockshifters was a wholesale marketplace where ecommerce sellers could buy stock online. According to the website, in November 2013 they had over 125,000 unique buyers, over 500 Sellers, 3,200 sales listed and 254,180 views on live sales. The Wholesale Forums, founded by Anthony Trollope, is also owned by Recoverex.
A message on the Stockshifters website seeks to reassure customers:
“It is with great regret that we announce Stockshifters.com has ceased trading.
We would like to thank all our customers, staff and shareholders for their continued support over the years.
All stock purchases and sales are protected under the client trading account. Please contact firstname.lastname@example.org if you have any questions.
If you are awaiting stock that you have purchased then you will receive the goods in the usual way.
If you have made a deposit in order to purchase but have not yet completed the purchase, you will receive your deposit back.
If you are a seller awaiting payment for goods shipped you will receive the funds in the usual way.
We apologise for the inconvenience this has caused. Please be assured that we attend that all outstanding transactions shall be concluded in the usual way.
Thank you for your understanding.”
According to the Stockshifters website, members of the board include Chairman Iain Abrahams, (Managing Director at Barclays Capital), Tim Weller (founder of Incisive Media and Non-Exec Chairman of RDF Media) and Ed Wray (founder of Betfair and Director of Funding Circle).
If you have been affected by this development as a stockshifters.com customer, we’d be interested to hear from you.