# Sungard Availability Services (UK) Limited (02368123)

> Why UK company 02368123 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02368123

- **Status:** Administration ended
- **Administration began:** 2022-03-25
- **Administrators' firm:** Teneo
- **Formerly:** Comdisco Continuity Services (UK) Limited; Failsafe ROC Limited; Drivestir Limited
- **Incorporated:** 1989-04-04
- **Location:** Birmingham
- **Industry:** 62090 Other information technology service activities

## Why it went into administration

- Sustained trading losses
- Cash flow / liquidity pressure
- Energy costs

## From the administrators' statement

Reasons for failure & financial distress — Trading was significantly impacted as a result of three

underlying issues:

I. Declining revenue in the work area recovery division - caused by the impact of the Covid-19 Pandemic whereby | customers no longer required remote disaster recovery facilities and did not renew contracts.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02368123/filing-history/MzM0MDQ3OTE3NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02368123

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.