Financial comms agency M:Communications is to close over the next few weeks.
This follows the resignation of a number of senior agency staff in March, including co-founders Nick Miles and Hugh Morrison, amid dissatisfaction with the value of equity incentives.
Charles Blount, chief operating officer said: "The business will wind down over the next few weeks. We have been in close contact with clients throughout to ensure this causes the minimum impact. Everyone is being looked after in a reasonable way.’
The agency's website was taken down last week, with only the homepage now accessible.