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CCI
Friday, 25 August 2017 08:04

FRP Advisory appointed as administrators to DataCentred Limited

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Joint administrators seek buyers for the business and assets while continuing to trade

Anthony Collier and Geoff Rowley, partners at FRP Advisory and joint administrators to DataCentred Limited (“DataCentred” or “the Company”), seek buyers for the Salford-based data centre and cloud storage business which they continue to trade whilst retaining all 15 staff.

Based in Media City, DataCentred, has traded for four years, operating both a physical data centre and cloud business, using world leading technology to provide fully software-defined and cloud-native infrastructure services in the form of public and private clouds.

Despite some notable client wins, the business remained loss making and is not viable in its current form. The administration will allow the business to continue to trade whilst restructuring options are explored.

Administrators at FRP Advisory were appointed to DataCentred on 22 August 2017 and have begun to engage with interested parties in the business and assets as part of an on-going marketing process.

The joint administrators will continue to evaluate the financial position of the Company in the interests of creditors.

Anthony Collier, partner at FRP Advisory, and joint administrator, said: “Over its 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”.

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