Olive Communications strikes multi-million pound deal with Cygnet
It will be a five-year deal, Olive will provide Cygnet with mobile and cloud telephony solutions
Dealers
November 20, 2017
Administrators are looking for buyers for the Kent-based dealer
True Telecom has entered administration after it was fined £85,000 by Ofcom for breaching rules around making nuisance calls. It is now up for sale.
The Kent-based dealer had 201 complaints to the Information Commissioner’s Office for cold calls, in the space of two years. It was found guilty for breaching the Privacy and Electronic Communication Regulations.
Redundancies are expected to be around a dozen after HMRC was planning to take the firm to court over money owed.
Tim Ball and Mike Field of Mazars LLP are the appointed administrators of administration process.
A statement from them said the company will continue to trade as they attempt to sell the company.
Mr Field said: “It is very sad to see a company which had employed so many staff enter into administration. Regrettably, the company was unable to manage its cash flow requirements to meet its liabilities as they fell due. We are currently marketing the business for sale as a going concern. Should anyone be interested please contact the administrators as soon as possible.”
True Telecom were not available to comment due to the administration process.