GSM London Limited (01443436): administration
- Status
- Administration ended
- Administration began
- 2019-07-30
- Administrators' firm
- BDO
- Formerly
- Greenwich School of Management Limited; Greenwich Alliance Limited; Greenwich School of Management Limited; Centre For Business Studies (London) Limited(The); Gowernorth Limited
- Incorporated
- 1979-08-13
- Location
- Liverpool
- Industry
- 85421 First-degree level higher education
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
GSM and Greenford were incorporated on 13 August 1979 and 3 July 2012 respectively. GSM and Greenford form part of a larger group (‘the Group’) which also includes Clipper Group Limited (‘Clipper’), GSM London Holdings Limited (‘Holdings’) and GSM London Services Limited (‘Services’). Services holds 100% of the shares in GSM and Greenford.
GSM is a provider of higher education (‘HE’) courses under a validation agreement with the University of Plymouth (‘UoP’). GSM is an Alternative Provider and has no taught degree awarding powers. This limits access to annual tuition fees funded by the Student Loans Company (‘SLC’) to a maximum of £6k pa. GSM is the operating company within the Group.
Greenford leases premises at Horsenden House, 891 Greenford Road, Greenford, London (‘Horsenden House Campus’). GSM sublets Horsenden House from Greenford. Greenford’s only source of income is from GSM in respect of management charges relating to GSM’s occupation of Horsenden House.
Administrators' statement of proposals (2019-09-30) · Companies House register