7thingsmedia shuts down

Digital media agency 7thingsmedia has shut down, The Drum understands.
Staff in the UK and US have already been told and consequently paid in full, according to a source close to the business. 7thingsmedia has been contacted and its response will be added shortly.
The decision to wind the business down stems from a loss of business revenue over time that compounded ever-growing rental fees.
More to follow.