I left a few years later but the last I heard the company had spent several million pounds on a new site built directly on a flood plain with the IT hardware in the basement.
Could be worse. When I started my IT career about a three lifetimes ago the shop I was in had sprinklers in the server room. Even being green to the gills that caught my attention right away. They were there for several years before someone finally convinced the bean counters that the risk of accidentally discharging sprinklers in a room with $4 million worth of IT hardware was worse than whatever the cost of a gas based fire suppression system was.