Business News

Bournemouth: Business grounded as administrators assess options

Published by
TBM Team

A specialist airborne surveillance and training company in Bournemouth has gone into administration. Andrew Watling and Andrew Andronikou, partners at corporate recovery and business advisory firm Quantuma, were appointed administrators to DO Systems.

DO Systems is based at Hanger 62, Aviation Park East, Bournemouth Airport, Christchurch, Dorset. It also has offices in Malta and is currently operating a number of contracts in the Middle East.

The administrators are now assessing the options for the business which was incorporated in April 2007.

DO Systems employs 18 staff and there have been no redundancies at present. The business most recently had an annual turnover of circa £12 million.

It provides airborne intelligence, surveillance and reconnaissance services and training.

Andrew Watling said: “DO Systems works in a particularly niche market and we are currently assessing both the state of the business and the level of interest in its various services and training facilities.”

TBM Team

Recent Posts

Halma acquires safety tech firm MK Test in £44m deal

Buckinghamshire tech company Halma has acquired transport safety firm MK Test Systems Limited. Headquartered in…

2 days ago

Paragon Bank provides finance for West Sussex housing development

BRiCS Development has secured an £11.55 million finance facility with Paragon Bank’s Development Finance team…

2 days ago

IT firm Mintivo appoints new Managing Director

IT services and solutions company Mintivo has appointed Alex Jukes as its new Managing Director…

2 days ago

Bartlett Tree Experts to build new research facility in Wokingham woodland

Bartlett Tree Experts have announced its intention to build a new arboretum and research facility…

2 days ago

New £3m imaging system to be developed at University of Surrey

The creation of a first-of-its-kind imaging system at the University of Surrey could help the…

2 days ago

New chair of trustees at Open Sight Hampshire

Open Sight, which provides support across Hampshire to those living with or at risk of…

2 days ago