The south Manchester media community was shocked to learn of the closure of PR agency Staniforth.
The business, which had offices in Manchester and London, closed with immediate effect last week.
Several years ago the agency employed 60 people across the two offices and it was advertising for a new account executive as recently as September. It is thought around 12 worked in the Manchester office in Didsbury.
Staniforth was led by managing director Rob Brown and became part of the TBWA network, which is owned by the US giant Omnicom, in 2002 after being sold by its founder and managing director, Phil Staniforth.
It had recently posted results showing a fall in turnover of around £400,000 and recording a pre-tax loss of £40,000 compared to a pre-tax profit of £70,000 the previous year.