Mon, 27 Oct 2025 | ADMINISTRATION
Nottingham-based IT firm Agilitas IT Solutions Limited has fallen into administration. The company reported turnover of £13 million in the year to March 31 2024, down from £17.7 million a year earlier, attributing the drop to “significant challenges” and the loss of a major customer.
The private equity-backed company, which employs more than 100 staff, filed a notice of intention to appoint administrators last week, with Michael Magnay and Rob Croxen of Alvarez & Marsal appointed as joint administrators on October 23 2025.
According to the company, it had been impacted by "increasing interest rates and inflationary pressures", with the drop in turnover coming as EBITDA fell from £5.9 million to £102,000 and operating losses widened from £1.5 million to £8.8 million.
A statement on the company's website said that the joint administrators “encourage anyone who has an interest in the company’s stock or assets to contact them.” In its most recent accounts, fixed assets were valued at £6.7 million and current assets at £7.1 million, but net assets amounted to just £84,000.
Agilitas’ IT maintenance customer base, meanwhile, has been acquired by Cameo Services. The acquisition, which expands Cameo’s portfolio and reach across the UK and internationally, aims to ensure service continuity for Agilitas’ channel partners and end clients.
Luke Walker, Managing Director of Cameo Services, commented: “We recognise the uncertainty faced by Agilitas IT Solutions Ltd’s partners and customers during this difficult period.”
Walker said that Cameo was in a position to make the acquisition as a result of “our continued investment in our operational and logistical infrastructure” and stated that the deal would enable the company to bolster its national team, which currently comprises more than 70 engineers.
Walker added: “Cameo’s experienced technical and operational teams are committed to delivering best-in-class support and a seamless transition.”
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