By Ronan Shields

Further details of the Byyd administration process emerged this week, with SFP confirmed as the overseeing proceedings, with the insolvency practitioners revealing that it could not find a buyer for the mobile specialist outfit within the defined period.

Despite a turnover of £7.5m in 2015, Byyd experienced mounting debts and financial loss totalling £1.95m, according to SFP, which also revealed it had to make several of the remaining staff redundant as part of a cost-cutting measure while it was seeking interest from parties for a sale of the business, as well as its assets.

“Despite early positive signs and several interested parties Read full story ›

Source: The Drum