Educational Systems Limited (07953392): administration and why it failed

Educational Systems Limited (07953392): administration

Status: Administration ended
Administration began: 2022-12-19
Administrators: Phillip Rodney Sykes, Glen Carter
Administrators' firm: RSM
Incorporated: 2012-02-17
Location: Eastleigh
Industry: 62012 Business and domestic software development

Why it went into administration

Cash flow / liquidity pressure
Sustained trading losses
Cyber attack / IT failure
Competition / price pressure

From the administrators' statement

Relevant extracts from the company’s draft financial statements and management accounts are summarised below. Period ended 11 months to FYE FYE 31 Nov 2022 31 Dec 2021 | 31 Dec 2020

£7000 £’000 £7000

Draft management Statutory Statutory

Administrators' statement of proposals (2023-02-18) · Companies House register

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