i3 Group launched Fibrecity Holdings as a new high speed fibre optic infrastructure to be built in the UK and was also promised for overseas cities and metropolitan areas.

[5] Subsequent to the collapse of TAF, Fibrecity builds were immediately ceased in Bournemouth leaving "more than 100 roads in Boscombe, Winton and Moordown [..] partly dug up as a result",[6] and Dundee only shortly after works had started in the Scottish city.

In February 2011, the appointed administrators of Total Asset Limited, Deloitte, published a report on the firm's activities which revealed the existence of a Serious Fraud Office investigation into TAFs financial dealings, stating that the SFO had entered the company's head office on the 17th of November 2010 to secure financial records.

[7][8] The SFO investigation in Total Asset Finance eventually resulted in a five-month trial which concluded in February 2017 and found that four men had been involved in fraud on a "massive scale" in inflating or inventing contracts upon which lending was secured [9] and saw Stephen Dartnell and George Alexander of Total Asset Finance, Carl Cumiskey of H2O, and Simon Mundy of KBC Lease (UK) Ltd each sentenced to substantial prison terms totalling some 44 years between them in February 2017 for their roles in the fraud amounting to almost £160m.

[13] Since 5 April 2011, the Fibrecity website is unavailable as it is no longer operating as a customer facing company but forms part of CityFibre Holdings.