Leeds Technology Business Enters Administration
LDD Group Limited, an Â£ 8million Leeds technology business, enters administration.
19:30 15 May 2018
LDD Group Limited, a hardware and remote IT support supplier based in Leeds, has entered administration. Walsh Taylor, insolvency practitioners and business recovery experts, was appointed to deal with the administration on April 19th. The company will continue to trade until a suitable buyer is found.
Mary Taylor, Walsh Taylor director, said: “Our initial focus of the administration is to engage with parties who may be interested in acquiring this well-known business in the sector.
“The priority is very much to sell the company as a viable going concern, safeguarding its future, and retaining as many jobs as possible.
“LDD Group is a family business with a good name, a proven track record, and a national customer base spanning around 30 contracts - particularly in the education and health sectors.
Mary added:“Unfortunately, after the ill health of one of its directors - and the unforeseen impact this has naturally caused - the directors felt they were not in a position to carry on themselves.
“The decision to place the company into administration offers the best opportunity for securing its survival and helping it move forward into a successful new era.”