Over a dozen employees of Agilitas IT Solutions have added ‘open-to-work’ banners to their LinkedIn profiles following an unconfirmed report last week concerning the channel services firm’s future.
According to a report by the Business Desk, Agilitas last Wednesday posted a notice of intention (NOI) to appoint administrators via law firm Eversheds Sutherland.
An Eversheds representative said they were unable to assist when approached for comment, while Agilitas also declined to comment.
According to Begbies Traynor, an NOI helps businesses by temporarily halting existing or pending creditor action. Although the moratorium period is only 10 business days initially, this often provides the space needed to manoeuvre a company away from the immediate threat of liquidation.
Over a dozen staff who appear to be current employees of Agilitas have now added green ‘open to work’ banners to their LinkedIn profiles.
Their job roles span a range of departments, from sales and customer support to bid analysts, architects and warehouse staff.
Backed by private equity firm Perwyn since 2020, Agilitas is known as one of the top players in the UK channel services space.
In its latest accounts, Agilitas characterised its fiscal 2024 as a “year of stabilisation” after it lost work with its biggest customer the previous year.
Having posted a £41.9m net loss on revenues that fell 26% to £13m during the period, it said it expects its business operations to return to a positive EBITDA in its fiscal 2026.
Its average monthly headcount stood at 116 during the year, down from 131 in 2023.
Former Agilitas CEO Shaun Lynn, who led the business between 2014 and 2023, was quick to express his concern for all those impacted.
“I’m aware that some of the staff have put the open-to-work banners up,” he said.
“I had an immense pride for the business during my time there, and can only sympathise with all the staff and customers affected.”
