The Irish businesses of ICT services group Calyx have gone into receivership.
The formerly-listed company will continue to trade as a going concern while a buyer is sought. Tom Kavanagh of Irish insolvency practice KavanaghFennell has been appointed receiver.
The Calyx Group, which employs more than 500 people in Ireland, the UK and Northern Ireland, was placed in administration on September 3rd.
Geoff Rowley and Phil Armstrong, partners at FRP Advisory LLP, were appointed joint administrators of the business in the UK and Northern Ireland.
The group has been trading under the Calyx name since 2002. It floated on the AIM in 2004, but returned to private ownership in 2007. Irish businessman Maurice Healy bought a majority interest in the company in 2008.
In recent weeks, Calyx has been in negotiations with Anglo Irish Bank over its debts. It owes the State-owned bank more than €90 million.
