Data centre operator falls into administration
A company which was developing a “step change” in how data centres are designed has fallen into administration after running out cash before the facility was completed.
Adrian Allen and Tyrone Courtman were appointed joint administrators to Cool Data Centres (Lincoln) (Cool Dc) on August 3.
Established in 2017, Cool Dc is located on the Boole Technology Centre, Lincoln. Cool Dc’s proposition was to offer a step change in how data centres were designed, built and operated. While close to completion, a lack of funding meant the technical infrastructure was not finished, therefore it was unable to begin servicing its prospective customers.
Cool Dc’s business and assets are currently being marketed with a view to concluding a sale in the “very near future”.
Courtman said: “We have received a considerable amount of interest in the company’s business and assets from customers and investors alike. I am confident we will see a deal concluded in the coming weeks.”
The site is up for sale through Lambert Smith Hampton, which estimates that a £20,000 investment would see a fully operational facility for potential customers.