Nottingham-based Agilitas IT Solutions has entered administration, with Michael Magnay and Rob Croxen of Alvarez & Marsal Europe appointed as joint administrators.
Cameo Services has acquired the firm’s IT maintenance customer base in a move designed to ensure continuity of service for channel partners and end clients.
The deal also expands Cameo’s portfolio and reach across the UK and internationally.
A statement on the company’s website read: “On 23 October 2025, Michael Magnay and Rob Croxen of Alvarez & Marsal Europe LLP were appointed as joint administrators of Agilitas IT Solutions Limited in administration (the “company”).
“The administrators encourage anyone who has an interest in the company’s stock or assets to contact them on: ins_agitsl@alvarezandmarsal.com.
“The affairs, business and property of the company are being managed by the joint administrators who act as agents of the company and without personal liability.”
The private-equity backed firm employs more than 100 people and posted a notice of intention to appoint administrators via Eversheds Sutherland last week.
In its FY25 results in June, the company reported a 26.4% revenue decline from £17.7 million to £13m, citing ‘significant challenges’ and the loss of one of its largest customers.
Former COO Sara Wilkes was appointed as CEO in November 2024, with Gary Lomas joining as chief revenue officer in the same month and Kirsty Walker hired as CFO in January 2025.
“We recognise the uncertainty faced by Agilitas IT Solutions Ltd’s partners and customers during this difficult period,” said Luke Walker, managing director of Cameo Services.
“Our acquisition of the maintenance contract base is designed to provide stability, continuity, and enhanced value to our partner community.
“Cameo are in a position to acquire this customer base due to our continued investment in our operational and logistical infrastructure. Furthermore, this will enable us to bolster our current national team of over 70 engineers.
“Cameo’s experienced technical and operational teams are committed to delivering best-in-class support and a seamless transition.”
Gareth Tunnicliffe, technical director at Cameo Services, added: “Continued investment in our operations will allow us to onboard and support large volumes of new customers seamlessly.
“Financial strength, operational discipline and a clear service-first culture are what make Cameo an ideal long-term partner for our expanding customer community.”
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