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Published: 09:00, 03 November 2017
A controversial telecommunications company has gone into administration.
True Telecom, based at Crossways Business Park, Dartford, cut dozens of jobs last month after being threatened with court action by HMRC over unpaid bills.
Tim Ball and Mike Field of Mazars LLP have now been administrators of the company, which at its peak employed 110 staff.
In a statement they said the company will continuer 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.”
Director Mark Baines previously told this paper he was confident the company could survive through administration.
It remains unclear as to exactly how many jobs have been lost.
The news comes weeks after the business was fined £85,000 for making nuisance cold calls over a two-year period.
The company – which works for around 8,000 small businesses in the UK – was fined after reports it made misleading calls, giving the impression staff were from BT Openreach and withholding numbers.
More than 200 complaints were made to the Information Commissioner’s Office from people who had requested not to be contacted.
The firm, which sells packages for broadband and line rental, was launched in Maidstone in 2013 by friends Mr Baines and Stuart Griffiths.
More by this authorEd McConnell