Revolver PR set for administration, with phoenix agency expected to emerge

However it is understood that despite the company entering administration, a phoenix agency will be set up by Bruce in the coming weeks.

Said Bruce: "Like thousands of other businesses caught up in the recession's domino effect, Revolver has been struggling to cope with a mounting bad debt problem. Although we have been able to ensure that none of our freelancers or suppliers have gone unpaid, with several former clients either winding up or unable to pay their bills we have reluctantly taken the decision to place the company in administration."

"The team I've been with over the past three years is proud of what we've achieved together. We've worked on some amazing campaigns, and - all things considered - it's been a blast."

"In times like these, we believe the best plan of action is to grab the positives with both hands and start moving forwards again without delay. We're working alongside some of the best business recovery experts in the country, and are ready to reboot, reform and go back to market with an even stronger offering,” added Bruce.

Bigmouthmedia founder Steve Leach has decided not to be a part of the new agency, having been a shareholder in Revolver PR.

The agency’s client list at the time of writing was understood to have included Outplay, Huzutech, Play2Improve and Ceidot.