Wed, 23 Aug 2017 | ADMINISTRATION
DataCentred, a data centre and cloud storage business, has entered administration, but is continuing to trade.
The Manchester, Salford Quays-based business entered administration yesterday (22nd August) and is now in the hands of joint administrators from FRP Advisory Anthony Collier and Geoff Rowley, who are now seeking a buyer for the business and assets.
DataCentred is underperforming, despite having won some notable clients, and is not sustainable as it is. The administrators’ next step is to consider restructuring options while the business keeps on trading. Marketing has also commenced for the sale, with interested parties already in talks with FRP Advisory.
Founded in 2012 by Dr Mike Kelly, a pioneer in the data centre industry, it is a physical data centre and cloud business, providing software-defined and cloud-based infrastructure via public, private and hybrid clouds.
The company secured £1m to fund its expansion just last year and to take on more staff.
Joint administrator Mr Collier commented: “Over it’s four-year trading history, DataCentred has earned a well-deserved reputation for its expertise and has supported a significant network of clients. We are marketing the business and assets for sale and we encourage any interested parties to make early contact.”
Make contact with the administrators today
Subscribe with us at Business Sale Report
The company provides person-centred support, progression and community integration, helping clients gain skills for living, employment and social skills.
LEASEHOLD
Highly successful business operating over a span of six years. Offers a comprehensive range of high-quality products and has successfully launched stock for over 400 suppliers.
FREEHOLD
Offers an extensive range of roofing and building services, ranging from minor works to major, multi-trade construction projects.
LEASEHOLD
26
|
Feb
|
Hanson-owned brickwork contractor closes down | BUSINESS NEWS
Brickwork firm Irvine-Whitlock, a subsidiary of building mat...
25
|
Feb
|
Fairstone secures further backing from PE firm TA Associates | BUSINESS NEWS
Acquisitive wealth management firm Fairstone Financial Manag...
24
|
Feb
|
Nestlé acquires recipe kit firm SimplyCook | BUSINESS SALE
Nestlé has strengthened its position in the e-commerc...
Sign up to receive our acquisition alert emails to get your FREE guide
25
|
Jan
|
Boohoo acquires Debenhams brand in £55m deal | BUSINESS SALE
Online retailer Boohoo has acquired the Debenhams brand in a...
13
|
Jan
|
Heat transfer equipment manufacturer falls into administration | ADMINISTRATION
Coventry-based Covrad Heat Transfer has fallen into administ...
07
|
Jan
|
Leicestershire country house hotel seeks investment after falling into administration | ADMINISTRATION
Country house hotel Hothorpe Hall in Theddingworth, south Le...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources