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
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Market-leading fruit and vegetable supplier distributing fresh produce and complementary goods both wholesale and D2C. The companys uncompromising drive for customer satisfaction has built strong relationships with across an enviable client base incl...
Turnkey construction services provider completing a range of projects with expertise across maintenance general refurbishment new build and conservation including work on listed buildings. The company provides full-service construction works utilisin...
02
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
01
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
01
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.