The collapse of Agilitas IT Solutions has underscored the pressures facing mid-market managed service providers amid contract volatility, cyber threats, and tightening investor appetite.
The Nottingham-based company, which supported large enterprises and channel partners with IT infrastructure and lifecycle management, went into administration after sustained losses and operational disruption. Its client portfolio and selected assets were later sold to Hampshire’s Cameo Computer Services for just over £255,000.
Agilitas’s difficulties began when it lost several major clients, including its largest long-term account, resulting in a significant revenue decline. A ransomware incident in 2023 compounded the challenges, halting systems and weakening customer confidence. Despite a management overhaul and a £2 million cash injection from shareholders in late 2024, recovery efforts fell short.
By mid-2025, cash flow pressures intensified as new business failed to materialise and investors declined to extend further funding. The company owed around £50 million in total, including significant debts to Barclays and Kartesia. Administrators estimate that only a small portion of secured debt will be recovered.
Roughly 80 jobs were lost across Agilitas’s Nottingham sites. The case illustrates the wider market tension between scaling service delivery and maintaining financial resilience in an industry where long-term contracts and cybersecurity risks are increasingly intertwined.
