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
Relocatable. Long standing contracts. Significant room for expansion. International connections. Offers Invited.
RELOCATABLE
Fantastic Freehold restaurant opportunity in a quaint Somerset market town. With an immediate population of 45,000, and around 70,000 visitors annually, this restaurant benefits well from local and visiting trade. Offers invited.
FREEHOLD
Well-established debt collection agency in Southend-on-Sea. Essex. In close proximity to the M25. They are ideally located. Being a telephone collection agency, they are able to cater for clients countrywide. Offers invited.
LEASEHOLD
|
21
|
|
May
|
Specialist aviation company enters administration – assets and/or business up for sale | ADMINISTRATION
A specialist ultralight trikes aviation manufacturing compan...
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
Sign up to receive our acquisition alert emails to get your FREE guide
|
05
|
|
Mar
|
Independent bathroom retailer enters administration | ADMINISTRATION
Thought to be the UK’s largest independent bathroom re...
|
21
|
|
Feb
|
Lakeside hotel enters administration | ADMINISTRATION
A historic but well-preserved hotel located on the banks of ...
|
31
|
|
Jan
|
UK's largest manufacturer of ceramic tiles enters administration | ADMINISTRATION
Based in Newton Abbot in Devon, British Ceramic Tile Limited...
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