The receivers sold the iDesk plc business to newly formed company iDesk Group Limited on 27 April.
Partners Mark Shaw and David Rolph were appointed administrative receivers on April 10, as the troubled call centre succumbed to a drop in the telecoms market.
Insolvency practitioner Bill Beach, who was senior manager in the case explained: ‘iDesk lost a lot of large contracts from other telecoms companies like BT.’
‘About a year ago, it had 550 employees. It had to reduce its workforce to 45.’
But the remaining workforce is safe as the Wembley-based buyer is keeping iDesk’s 45 remaining employees.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies