Dunmurry online DVD retailer forced to close its doors
A Belfast-based online DVD retailer which blazed a trail in the dot.com era has closed down.
Sendit.com began operations in 1998 as Blackstar in Dunmurry and raised £10m in venture capital funding. It rebranded itself Sendit.com and was taken over by DCC in 2005.
Its last accounts said it had made a profit of just £945 on £106,678 turnover in the year to March 2015.
A year earlier, there had been turnover of £356,992 and profits of just £5m.
But its directors said that the position of the company at year-end was "unsatisfactory" and that the business no longer had a sustainable future.
Instead, some of the company's activities would be stopped while others would be transferred to other DCC Group companies.
In the 14 months to March 2006, turnover was £9m and pre-tax profit was over £610,000.
Dublin-based conglomerate DCC plc said it had no comment to make on the failure of the business. But it's understood the Sendit.com site itself closed down seven or eight months ago.