# Sprout Technologies Limited (05724389)

> Why UK company 05724389 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05724389

- **Status:** Administration ended
- **Administration began:** 2024-04-04
- **Administrators:** Sarah O'Toole, Helen Laura Wheeler-Jones, Peter David Dickens
- **Administrators' firm:** PwC
- **Incorporated:** 2006-02-28
- **Location:** Leeds
- **Industry:** 62020 Information technology consultancy activities

## Why it went into administration

- Cyber attack / IT failure
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract

## From the administrators' statement

Converge was incorporated in 2006 and it was formed into the current Group in 2017. The Group subsequently grew through the acquisitions of Sprout and CBS. It operated from its head office in Daresbury, Warrington, formerly alongside its London office which was exited in March 2024.

The Group was a provider of managed service solutions, specialising in cloud management IT. In November 2020 the Group acquired Sprout and CBS, specialist legal managed service providers, which complemented the existing Converge business and provided synergies with the existing business. Please refer to Appendix A for a diagram of the Group’s structure.

Together Converge, CBS and Sprout are termed the ‘MSP Group’ (managed service provider group).

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05724389/filing-history/MzQxNzk2NDAyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05724389

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