Salford-based public sector news and events firm GovToday has gone into liquidation with immediate effect.
All 22 jobs at the firm would go, bosses confirmed today.
The company, based at The White Tower at MediaCityUK, Salford Quays, was founded in 2008 by directors Tony Farrar, Rob Hollis and Richard Taylor.
It focused on organising conferences for the public and not-for-profit sectors, generating revenue from commercial sponsors.
Since 2013 it had received over £1.2 million in funding and had expanded to film conferences as well as hosting government news and opinion through the Govtoday.co.uk website.
But a round of cost-cutting earlier this year, allied with trading losses, falling sales and spiralling costs, marked the end for the company.
Takeover talks failed and GovToday was unable to raise further investment, leading to its collapse.
GovToday’s directors have instructed insolvency practitioner Steven Wiseglass, of Inquesta, to place the business into liquidation.
Mr Wiseglass, a director at Inquesta, said: “GovToday had a good core business and the quality of its conferences was extremely high.
“However, its financial position became untenable and regrettably this has resulted in it being unable to continue to trade.
“I will now be looking to sell all or some of the company’s assets.”
