Administrators seek buyer for struggling MediaCityUK-based data centre business
Administrators have moved in on a struggling data centre and cloud storage business in Salford.
Anthony Collier and Geoff Rowley, partners at FRP Advisory, are seeking a buyer for MediaCityUK-based DataCentred.
The firm will continue to trade in the meantime, retaining its 15-strong workforce as restructuring options are explored.
Founded four years ago, DataCentred operates both a physical data centre and cloud business, providing software-defined and cloud-native infrastructure services.
Although the firm has built up a “significant network of clients” according to Mr Collier, it continued to make a loss and is not currently viable.
The joint administrators are engaging with parties interested in DataCentred and its assets, but said they will continue evaluating the business’ financial position in the interests of creditors.
Mr Collier 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.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis
How to build credibility in B2B marketing
Is your business ready for the trade union change?
Government 'must take its foot off businesses' throats'
Upskilling key to civil engineering's future
Why apprenticeships are becoming a strategic asset