In February 2010, NCC went into administration and ultimately liquidation. The few remaining assets and intellectual property rights were transferred in a "pre-pack" administration arrangement to Redholt Ltd a new private company, thus distancing the new company from the NCC creditors, which included a substantial pension fund liability resulting in the insolvency of the pension fund later that year. Redholt Ltd was owned by a group of six shareholders, including former managers and two Directors of the insolvent National Computing Centre.