The company's management and directors remain committed to working with the administrators on a restructure and recapitalisation of the company
It has been on the cards for a while and now office productivity software developer Ltd () has called in the administrators.
The company has been trying to raise enough cash to keep the business running as a going concern but having failed to do so, the directors considered it to be in the best interests of creditors and shareholders to appoint administrators charged with preserving the value of the group’s assets.
The company's management and directors remain committed to working with the administrators on a restructure and recapitalisation of the company.
The Administrators will immediately undertake a review of the financial position of all the other companies in the group, with a view to further actions being taken as required by the directors of those divisions.
Trading in the shares of BOS has been suspended since December 21.
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