Leeds-based reseller LDD Group has gone into administration, with the ill health of one of its directors said to have been a decisive factor to its demise.
Founded in 1993 from the corner of a dairy warehouse in Seacroft, LDD Group specialises in IT, telephony and managed print services, with a turnover of £8m. At its peak, it had revenues of £12m and almost 50 staff, counting Nike among its clients.
Walsh Taylor, which was appointed as LDD's administrator on 19 April, said that LDD is continuing to trade while it seeks a buyer to secure its future.
"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," said Walsh Taylor director Mary Taylor.
The services it offers include IT helpdesk, IT consultancy, network design telecoms, Wi-fi and internet provision, and installation of cybersecurity hardware.
"The priority is very much to sell the company as a viable going concern, safeguarding its future, and retaining as many jobs as possible," said Taylor.
"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."
Take a look at updates from 2018's Fight Night, held at The Brewery in London
CEO Denis Kaminskiy talks through growth plans after scoring £3m investment from YFM Equity Partners
Deal will see Daisy take on 80,000 TalkTalk business customers
Ginni Rometty claims AI will enable business to improve on an exponential curve, an event that has only happened two other times in the last 60 years