£8m Leeds technology business enters administration

LDD Group Limited, a Leeds-based technology business with an annual turnover of around £8m a year, has entered administration.

Insolvency practitioners and business recovery experts Walsh Taylor was appointed to deal with the administration on Thursday April 19th.

LDD Group Ltd will continue to trade while a buyer to secure its long-term future is found.

Mary Taylor, Walsh Taylor director, said: “Our initial focus of the administration is to engage with parties who may be interested in acquiring this well-known business in the sector.

“The priority is very much to sell the company as a viable going concern, safeguarding its future, and retaining as many jobs as possible.

“LDD Group is a family business with a good name, a proven track record, and a national customer base spanning around 30 contracts - particularly in the education and health sectors.

Mary added :“Unfortunately, after the ill health of one of its directors - and the unforeseen impact this has naturally caused - the directors felt they were not in a position to carry on themselves.

“The decision to place the company into administration offers the best opportunity for securing its survival and helping it move forward into a successful new era.”

Walsh Taylor said it plans to continue to trade the company while it is searching for a buyer

LDD Group is a supplier of hardware, as well as providing IT support remotely and onsite to businesses, schools and public sector organisations, including the NHS.

These services include IT help desks, IT consultancy, network design telecoms, Wi-fi and internet provision, and installation of cybersecurity hardware.

At its peak, LDD Group had a turnover of over £12m, employed approaching 50 staff, and counted Nike among its portfolio of clients.