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The managing director of the firm, which went into administration at the start of October, has told Mortgage Adviser despite the mortgage originator's technology platform having won a host of awards it was unlikely to find a purchaser.

Mr Cleary said: "We have had no-one interested in buying our technology per se, but we have had several interested parties who have put their names in a hat over the last couple of days, but they have not actually said they want the technology systems but they were interested in talking about what is available in general.

"I do not think anybody is going to come and buy the technology platform because unless you buy the people, the technology platform is worthless. So unless you are interested in the people, that is where all the value sits, it is the intellectual properties that sit in all those people's minds, their skill sets, and their experience.

"Without the technology department the technology itself is worthless."

When asked if they would buy Edeus' technology, HBoS, RBS, Cheltenham & Gloucester and Woolwich said they would be unable to comment.

Nationwide said it would not invest in Edeus' system because it was working on its own new technology.

Likewise, specialist lender Kensington confirmed it would not buy the software as they were looking at ways to enhance their own technology.

Alex Hammond, PR manager of Kensington, said: "Kensington is investing in its own technology platform, which will help us to lead the way when the market recovers."