# Callan Education Group Limited (08072199)

> Why UK company 08072199 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/08072199

- **Status:** Administration ended
- **Administration began:** 2015-12-07
- **Administrators' firm:** Quantuma
- **Formerly:** Callan Method Holdings Limited
- **Incorporated:** 2012-05-16
- **Location:** Dartford
- **Industry:** 64209 Activities of other holding companies n.e.c.

## Why it went into administration

- Sustained trading losses

## From the administrators' statement

CEG supported each of Its subsidiary companies in each of its development programmes as it considered that this was in tts best interests These investment strategies were based upon the principal that CSL would be able to return tn short order to generate the cash flow that it had in the past

The CSL business model was also changed which 1s believed to have affected the student experience and contributed to a decline in student numbers

CEG's Board knew that investment would need to be made in the business and therefore in January 2015 it started seeking externa! funding, reducing its investment programmes whilst it did so The Board had numerous meeting with potential investors In addition CEG was able to secure lines of credit which, if ail things had remained as planned, would have enabled CEG to keep trading until the investment was found However, the substantial reduction in trading in CSL in summer 2015 meant that

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/08072199/filing-history/MzE0MTI4ODY1NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/08072199

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.