Administrators Appointed to Agilitas IT Solutions After Revenue Collapse and Loss of Key Customer

Agilitas IT Solutions Ltd, a 35-year-old Nottingham-based IT services provider, has entered administration following a steep decline in revenue and widening losses tied to the loss of a major customer and persistent inflationary pressures. Michael Magnay and Robert Croxen of Alvarez & Marsal were appointed joint administrators on 23 October 2025.

Founded in 1990, Agilitas provided technology repair, logistics, and lifecycle management services to global hardware manufacturers and IT resellers. The company reported turnover of £13 million for the year ended 31 March 2024, down from £17.7 million the previous year, while pre-tax losses deepened from £1.6 million to £8.9 million. In filings, directors cited a sharp reduction in work from the firm’s largest customer in 2022 as the catalyst for sustained revenue contraction and negative cash flow, despite cost-reduction efforts over the past three years.

Upon appointment, the joint administrators completed a sale of certain assets, including Agilitas’s customer base, to East Midlands-based Cameo Computer Services (UK) Ltd. The deal preserves some business continuity but resulted in 72 of the company’s 80 employees being made redundant immediately.