Nottinghamshire-based consultancy Morgan Tucker has collapsed into administration.

FRP Advisory have been appointed as administrators and all 65 staff have been made redundant.

In a statement, FRP Advisory said the company had "faced severe financial pressure for a number of months and had sought new investment which ultimately did not come to fruition".

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"The company engaged consultants from FRP Advisory to seek buyers for the business, although, despite interest from number of parties, this was not successful.

"With cash-flow becoming unsustainable the company was subsequently left with no viable alternative other than to seek the protection of administration."

The business was founded in 2005 by Matthew Tucker, who was its Managing Director until stepping down in February.

(LM)