Administrators seek buyers for Manchester-based DataCentred

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


Share this article



Latest Businesses for Sale

Carpentry & Joinery Components (Fast Sale)
West Midlands, UK

Offers required by April 17, 2020 - 6:00pm. Opportunity has arisen predominantly as a result of a funding requirement determined by trading losses partially driven by reduced margins on contracts and increasing fixed overheads in a competitive sector...

Asking Price: Offers Invited
Turnover: £7,500,000

LEASEHOLD


Construction Recruitment (Fast Sale)
South East, UK

Interested parties should be in a position to submit initial expressions of interest no later than 5pm on 3 April 2020. South East based companies focusing on recruitment (temporary and permanent), engineering and site logistics for the construction...

Asking Price: Offers Invited
Turnover: £5m+

Access Control Systems & CCTV Consultancy
Hertfordshire, South East, UK

Offers an extensive range of specialist property development solutions. Provides a multitude of security systems, including installation and maintenance. Works with circa 140 active clients, 85% of whom provide repeat business. Offered for sale to fa...

Asking Price: Offers Invited
Turnover: £530,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
02
 
Apr
 

Next puts headquarters and three warehouses up for sale | COMMERCIAL PROPERTY

Fashion retailer Next has put its head office and three ware...

 
01
 
Apr
 

Sheffield-based cafe chain falls into administration | ADMINISTRATION

Sheffield-based cafe chain Massarella Gelaterie Ltd has been...

 
31
 
Mar
 

Coronavirus Business Interruption Loan Scheme to cover business acquisitions | BUSINESS NEWS

The UK government has launched the Coronavirus Business Inte...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
28
 
Nov
 

Peacocks to rescue Bonmarche | BUSINESS SALE

Peacocks has agreed a deal with administrators to rescue riv...

 
30
 
Oct
 

Building contractor Simons goes into administration | ADMINISTRATION

Lincoln-based building contractor Simons Group has announced...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources