Cycling clothing label Vulpine has appointed RSM partners Matthew Wild and Guy Jackson as its joint administrators.
Last week Vulpine announced it was insolvent. The administrators are attempting to find a buyer.
The London brand, which previously collaborated with Olympian Chris Hoy on a clothing line, was founded in 2012.
It embarked on a crowdfunding campaign through Crowdcube in 2015 and reached £1m in the same year. Last month it unsuccessfully attempted to raise another £750,000.
Wild said: “At present, our principal task is to oversee the sale of the business and assets of Vulpine in order to maximise returns for its creditors. A number of companies have already come forward to express interest.
“Meanwhile we continue to attend to a number of enquiries and are hopeful that we will be able to finalise a sale in short order. Anyone interested in the business or its assets is urged to come forward immediately.”