Lifeskills Solutions Limited (04414040): administration
- Status
- Administration ended
- Administration began
- 2022-10-14
- Administrators' firm
- Begbies Traynor
- Formerly
- Lifeskills Solutions (London) Limited; Lifeskills Solutions Limited
- Incorporated
- 2002-04-11
- Location
- Northampton
- Industry
- 85590 Other education n.e.c.
Why it went into administration
- Management failings / irregularities
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 11 April 2002 as a national independent learning provider with a head office in Rotherham and five training centres around the country in Leeds, Sheffield, Lowestoft, Basildon and Rotherham. The Company provided post-16 education through apprenticeships and study programmes for young people with complex personal and social needs. Courses were offered in customer service, construction, motor vehicle, beauty and childcare, as well as apprenticeships in customer service, warehousing and distribution, and business administration.
The Company employed 72 members of staff, including 2 directors, to provide this training service to over 470 learners. The Company’s most recent Ofsted report in 2016 resulted in ‘good’ judgements across the board, praising staff for their dedication to helping leaners.
Throughout its years of trading, the Company maintained its profitability, and in more recent years, saw its turnover increase from £4,718,256 for the year ending 30 April 2021, to £4,963,309 for the year ending 30 April 2022. For the same period, shareholders’ funds also increased from £870,508 to £935,911.
Administrators' statement of proposals (2022-12-01) · Companies House register