A CONSULTANCY firm born out of the demise of another company has celebrated its first anniversary.

In October last year, Quality Software Products (QSP), of Gateshead, was placed in administrative receivership and more than 250 employees were made redundant.

It led a group of employees to form Elexa Consultants and begin supplying support and consultancy services to many former QSP clients.

That client list has grown and includes names such as Avis, Bank of England, Boots and Toyota.

In June, Elexa moved into their new headquarters on the Belasis Hall Technology Park in Billingham, near Stockton.