Biscit have responded to claim by ISPReview that they were having cash problems.

According to the report the ISP was suffering from cheques being bounced which gave rise to suspicions that they were suffering cash flow issues. Biscit CEO Hugh Paterson said that the story was  "overblown" and "no mystery".

The problem was of two Biscit customers who had been overcharged by the ISP and following  legal action Biscit issued refund cheques to the customers which then promptly bounced. This was due to the ISP closing one of it's bank accounts the day before issuing the cheques, which wasn't too clever.

New cheques have been sent to the affected customers, who no doubt will rush to the bank to cash them!!