It looks like it might of been down to a case of negligence by the owners rather than the company not being profitable.
The owners had been looking to sell up since the start of the year and had offers on the table that looked likely to go through and they didnt bother to tie up new deals with service providers as they believed it would soon no longer be their responsibility to do so.
When all the buy out offers fell through they were left high and dry with service providers no longer obligated to give them phone contracts to sell.
http://www.financial-spread-betting....-buy-outs.html
They neglected the company in the belief they were about to cash in on its sale.
Hopefully the Liquidators will find a buyer quick and avoid the job losses.