Wed, 29 Sep 2021 | BUSINESS SALE
Jabero Consulting, a software solutions firm in the construction and rail sector, has been sold after entering administration earlier this month. The Hastings-based company provided software to support planning and management for critical infrastructure projects and worked with clients such as Network Rail and Stobart Rail.
Jabero, which was founded in 2012, ran into cashflow difficulty as a result of the COVID-19 pandemic’s impact on business in the rail sector. The pandemic meant that the firm experienced longer sales and onboarding processes for new business and, by July of this year, its workstream had declined by 70 per cent.
Administrators David Kemp and Richard Hunt of SFP were appointed on September 16 2021. On September 22, the administrators secured a sale of the business and full transfer of employees to WorksiteCloud Ltd.
David Kemp said: “Helping small businesses after the pandemic is something we are very passionate about, so this sale has been a great opportunity for us to ensure the company survives along with the current and future employment of skilled workers.”
“With WorksiteCloud, the future of Jabero’s software solutions will continue to support work in key UK sectors technology as the economy begins to recover.”
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