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
Has extensive in-house expertise and relationships with a range of specialist subcontractors. Second-tier management team in place who can run the company on the day-to-day operations. Has obtained several awards due to its superior service offering....
LEASEHOLD
Turnover of £1.7m with an adjusted EBITDA of £475k. Offers mobile and fixed communication services, as well as a comprehensive managed service portfolio to clients across Southern England.
LEASEHOLD
Offering a professional and cost-effective service, the company specialises in digital, litho print and direct mail. Services include repro/pre-press, print management, finishing, exhibition and mailing services, and media planning and buying.
LEASEHOLD
|
23
|
|
Sep
|
Cartwright Group enters administration, but fleet and rental arms are sold | ADMINISTRATION
Commercial trailer manufacturer and rentals firm Cartwright ...
|
22
|
|
Sep
|
Macbryde Homes bought by managing director and finance partner | MBO/MBI
Welsh home construction firm Macbryde Homes has been sold to...
|
21
|
|
Sep
|
Aldo UK acquired out of administration by investment firm | BUSINESS SALE
The UK arm of shoe retailer Aldo has been acquired by Birmin...
Sign up to receive our acquisition alert emails to get your FREE guide
|
03
|
|
Sep
|
Bar and restaurant group East Coast Concepts acquired from administrators | BUSINESS SALE
Manchester-based bar and restaurant group East Coast Concept...
|
02
|
|
Sep
|
Deadline passes for Debenhams bids | BUSINESS SALE
The deadline for bidders to submit their offers for departme...
|
20
|
|
Jul
|
Buyer sought for sports bar chain | ADMINISTRATION
FRP Advisory are seeking a buyer for Rileys Sports Bar, afte...
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