ATG - IT. Ltd (03895168): administration
- Status
- In administration
- Administration began
- 2023-08-08
- Administrators
- Richard Howard Toone, Craig Povey
- Administrators' firm
- Begbies Traynor
- Formerly
- Appletree Graphics Limited
- Incorporated
- 1999-12-16
- Location
- Birmingham
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- HMRC / tax arrears
- Management failings / irregularities
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Cyber attack / IT failure
- Loss of key people
From the administrators' statement
The Company was incorporated on 16 December 1999 and began selling IT equipment to small and medium-sized companies predominantly based in the UK. As a result in the change of customers’ buying habits, the Company moved to offer IT cyber support and services to its existing client base, quickly becoming the mainstay of its day-to-day business operations.
Initially, the Company operated with two directors and four employees. As the Company grew in turnover, more employees and directors were needed, whereby, at its peak, the Company employed 13 people and five directors.
The Company had historically been a profitable business and paid any debts well in line with any agreed credit terms. As far as the directors were concerned, they had always operated a small but profitable business.
Administrators' statement of proposals (2023-08-21) · Companies House register