Yorkshire schools IT firm falls into administration

Wed, 25 Oct 2017 | ADMINISTRATION

A company that specialises in internet and IT services for organisations in the education sector has gone into administration, according to reports, with nine jobs hanging in the balance.

ICT4Collaboration Ltd, based in Leeds, supplies schools in the Yorkshire and Humberside area with internet services and IT support.

The firm was established in January 2014 out of the Yorkshire and Humber Grid for Learning, an organisation dedicated to bringing connectivity and technology to educational bodies.

Since then, the company has provided computer technology and online capabilities to over 500 schools in the North of England.

Graham Newton and Eddie Kerr, business restructuring partners at BDO, were appointed as joint administrators for ICT4Collaboration last week. Upon their appointment the company immediately ceased trading and nine staff have been made redundant.

According to Newton, difficult trading conditions, historic losses and a shortfall in the company’s working cash reserves led to poor business performance and concerns at ICT4Collaboration about its “ongoing viability”.

He added: “Regrettably, it has been necessary to make redundancies and for the company to cease to trade immediately.

"Child safety and protection is of paramount importance and therefore prior to our appointment, management has, in conjunction with local authorities and suppliers, endeavoured to ensure continuity of core services such as internet connectivity and filtering to customer schools during this process."

Customers have been informed of the situation at the Leeds-headquartered firm in advance of the news becoming public knowledge. Schools have been advised to liaise with the relevant local authority to work out how IT services will be delivered in the future.

Search businesses in administration
Subscribe to the Business Sale Report


Share this article



Latest Businesses for Sale

Upholstered Furniture Manufacturer (Fast Sale)
UK Wide

Best and final offers are sought by Thursday 12 December 2019. An opportunity exists to purchase the business and assets of a privately owned company. An upholstered furniture manufacturer offering a wide variety of designs and ranges.

Asking Price: Offers Invited
Turnover: £1,680,000

Italian Restaurants (Fast Sale)
North West, UK

Indicative offers are required by 17:00hrs on Wednesday 27 November 2019 with a view to completion shortly thereafter. The proposed Joint Administrators are seeking parties interested in the business and assets of two Companies that trade as Italian...

Asking Price: Offers Invited
Turnover: £1,000,000

LEASEHOLD


Loft Conversion Business
Preston, Lancashire, UK Wide

Great reputation. Fully relocatable. Friendly and professional service. Bespoke loft conversions. Minimal competition. Offered on a relocatable basis. Offers invited.

Asking Price: £759,995
Turnover: £1,002,527

RELOCATABLE



View more businesses for sale

News Search

Latest News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
22
 
Nov
 

inTec Business Solutions acquires Titan Network Services | BUSINESS SALE

Manchester-based IT services company Titan Network Services ...

 
21
 
Nov
 

Buyer sought as North East contractor enters administration | ADMINISTRATION

A buyer is being sought for Pro-Fix Installations after the ...

 
20
 
Nov
 

Swindon waste-to-gas plant construction to resume after administration | ADMINISTRATION

An unfinished waste-to-gas facility in Swindon has secured &...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources