Calyx Group

Sector: Technology and Telecoms

The Calyx Group and its subsidiaries were placed into administration on 3 September 2010, with the appointment to the UK and Northern Ireland entities, of Joint Administrators Geoff Rowley and Phil Armstrong, partners at FRP Advisory LLP.

The Calyx Group, which supplies managed ICT services from operations in the UK and Ireland, was carrying a debt on the balance sheet in excess of the annual turnover. The Group went into administration after it was unable to repay a secured creditor.

The Joint Administrators were able to successfully trade the Group as a going concern while a buyer of the business and assets was sought in very short order. The businesses were, therefore, able to continue to trade, protecting employees and customers, while the Joint Administrators dealt with interested parties to ensure the best price in the interests of all creditors. This culminated in a sale to Better Capital on 10 September 2010.

No redundancies were made throughout the administration, safeguarding 300 jobs. The quick sale of the Group’s UK businesses also ensured an uninterrupted service to customers, and protected the integrity and value of all businesses within the Calyx Group.

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