Bond International Software has completed the sale of its recruitment software subsidiaries for £24.1 million.

Bond International Software (UK) Ltd, Bond International Holdings Inc, Bond International Software Pty Ltd, Bond International Software China Ltd, Bond International Software (Singapore) Pte. Ltd and Bond International Software KK, have been sold to Hockliffe Ltd and Bond US Inc for that amount.

The West Sussex-based firm has also sold its UK headquarters and registered office in Goring for a consideration of £1.8m.

Tim Richards has now resigned from the board of the company and will continue his career with the subsidiaries.

Chairman Martin Baldwin said: "We would like to thank Tim for his very considerable contribution to the Company over the last 19 years and wish him well for the future."

The board now intends to propose a voluntary winding up of the company as soon as practicable.