Tutors Direct Limited (07464205): administration
- Status
- Administration ended
- Administration began
- 2012-08-22
- Administrators
- John Malcolm Titley, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-12-08
- Location
- Bury
- Industry
- 85600 Educational support services
From the administrators' statement
The Company was incorporated in December 2010 by James Fawcett and Sean Gardner to commence development of an on line home tutonng facility for children The onginal concept involved marketing the portal directly to the parents of the children
In conjunction with a software developer, Cloudthing, Mr Fawcett and Mr Gardner developed a web based portal which would provide online tutoring to children In order to fund the Company's start up and development of the online portal, Mr Fawcett and Mr Gardner personally provided initial investment of c£100k and sought to raise the additional development capital from a third party investor
A third party investor was identified, a UK based education and activity travel group who agreed to finance the venture An initial investment of £250k was received in May 2012 by way of a share purchase for 40% of the Company shares, with a further £1m to follow in July 2012 and £1 25m in January 2013
Administrators' statement of proposals (2012-10-19) · Companies House register