Lean Education and Development Limited (04095839): administration
- Status
- Administration ended
- Administration began
- 2022-08-22
- Administrators
- Steven Wiseglass
- Administrators' firm
- Begbies Traynor
- Formerly
- Vocational Learning Consulting Limited; IMS (Cortrain) Limited; IMS (Humberside) Limited
- Incorporated
- 2000-10-24
- Location
- Manchester
- Industry
- 85600 Educational support services
Why it went into administration
- COVID-19
From the administrators' statement
The Board of directors have provided information on the history ofthe Company and the events leading up to insolvency;
The failure of the company is due to the fact that it had not recovered fromthe impact of global pandemic. Prior to covid (2019) the company was profitable and had one major creditor of approximately of
£1.2million. The money had been borrowed to pay off the previous owner for his shares of the business. At the time of borrowing the company was in a position to service the liability. The Company is a face-to-face training provider, who were paid by government funding. This was a monthly payment which was made when the Company produced evidence that all learners had been trained.
Administrators' statement of proposals (2022-11-02) · Companies House register