Administrators to sell Leading Solutions

Administrators for Leading Solutions are looking for a buyer after the company went into voluntary administration.

McGrathNicol took control of the privately-owned business and its assets today.

It is understood the business was a "victim of the financial crisis".

Administrators were called in to "stabilise the business" and attempt to finding a suitable buyer. They were confident a buyer would be found, saying Leading Solutions had a "good underlying business".

There is no time limit for the sale but it is understood the administrators want "a quick transition to a new owner".

McGrathNicol said in a statement that business will continue as usual and no staff were affected.

Leading Solutions was established in the early 1980s, and provides technology to banks, hospitals, government departments, education authorities and SMB clients.