Fri, 04 Apr 2025 | ADMINISTRATION
Data centre equipment manufacturer and installer Cross-Guard Ltd has fallen into administration.
Gareth Rusling of Begbies Traynor Group and Charles Ranby-Gorwood of CRG Insolvency & Financial were appointed joint administrators of the company by its director on 28 March after the business "became unviable as a going concern".
Seventeen redundancies have been made at the firm's Scunthorpe head office at Queensway Industrial Estate, with 22 staff retained to complete orders and installation contracts.
The joint administrators said that they are exploring potential buyers for the goodwill and assets of the business.
A spokesperson for Begbies Traynor Group said: "It is very early days, and the joint administrators are actively working through all the financial information in detail to establish and contact all of the creditors and debtors, and to understand the cause of the failure of the business, but it is already clear that the business was unviable.”
He added that sadly redundancies have already been forced, and more are expected once the current work in progress is completed and the contracted projects are fulfilled.
“More information will become available in coming days and weeks, but our responsibilities are to protect the interests of the creditors, and to manage the process of redundancy that is affecting the employees,” the spokesperson said.
Cross-Guard had supplied specialist kit such as cold and hot aisle containment, modular caging and ventilated server safes, among other security-based items for the domestic and commercial markets.
The business - established in 2016 - had sold to a range of major brand names such as IBM, HP, Amazon and Google and its expertise and products had been used for projects across Europe and the US. Last month the firm had exhibited at the Data Centre World conference at London's Excel Centre.
According to its most recent financial results in the year to December 31, 2023 the company employed around 50 people.
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