Newfox Ltd (05236863): administration
- Status
- Administration ended
- Administration began
- 2021-12-01
- Administrators
- Louise Longley, Robert Alexander Henry Maxwell
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-09-21
- Location
- Leeds
- Industry
- 63110 Data processing, hosting and related activities
Why it went into administration
- COVID-19
- Supply chain disruption
- Funding withdrawn / unable to refinance
- Cyber attack / IT failure
From the administrators' statement
Founded in 2004, the Company operated out of its headquarters in Morley, Leeds as a technology solutions and support provider, with extensive experience in the IT sector. The Company primarily provides IT hardware to clients, utilising a just in time supply chain, as well as telephony services. It also previously provided managed services (specialising in cyber security).
Based on the draft unaudited accounts, the Company generated revenue of £3.9m in the year ended 31 March 2020 and had seven employees.
In July 2020, the Company purchased the entire share capital of Hollinbay Consultancy Services Limited (“Hollinbay”), with the aim of building on the managed services side of the business and to provide synergies and segregate the services provided in the newly formed group. Post-acquisition, the provision of hardware supplies was solely undertaken via the Company, together with the telephony services. All other managed services are now undertaken by Hollinbay.
Administrators' statement of proposals (2021-12-15) · Companies House register