Ahoy goes into administration after 6 staff leave
Ahoy Digital has gone into administration after losing a number of key projects and staff.
The Stockport agency appointed Begbies Traynor earlier this week to handle the move.
Managing director, Mark Stringer released the following statement to Prolific North:
“On 31 March 2017, three managers at Ahoy informed me that they were leaving to set up a competing agency. Having been paid wages and bonuses, they intended to leave very quickly, taking a further three staff with them. That weekend, the Ahoy team uncovered considerable evidence and immediately instructed lawyers to protect our position. We successfully recovered a number of key intellectual property assets and sworn affidavits detailing their activities.
“As a result of this, the company through which Ahoy traded had to be put into administration. The assets of Ahoy have now been bought back to secure jobs and to uphold our agreements with our customers. The attempted takeover was a total shock. I've known these managers for over 5 years and spent a lot of time with them outside of work life. I completely understand that people have desires to set up their own agency, but I never expected to find out about it in this way.”
For 12 months Ahoy was in a Company Voluntary Agreement, paying off tax debts, which Stringer said were being paid “in full and on time”.
Earlier this month, Prolific North was informed of the launch of a new agency, made up of ex-Ahoy staff. BGN was founded by Paul Bailey, Antonio Giansante and David Newtown, according to the press release: “formerly account directors and creative director at a multi-award winning branding and digital agency.”
The 6-strong team also includes Jason Flynn, John Healey and Johnny Edge, who were also former Ahoy staff.
BGN has requested a right to reply and their statement is published in full and unedited:
"We wish the full AHOY team every success for the future."