Ict4Collaboration Ltd (08615926): administration
- Status
- Administration ended
- Administration began
- 2017-10-18
- Administrators
- Francis Graham Newton, Edward Terence Kerr
- Administrators' firm
- BDO
- Incorporated
- 2013-07-18
- Location
- Leeds
- Industry
- 85600 Educational support services
From the administrators' statement
The Company was incorporated on 18 July 2013 and commenced trading in January 2014 in order to take over the existing services (resources, tools and services) offered by its parent, YHGFL Foundation (“YGHFL”), and re-package them for individual and groups of schools, as well as developing new services. tCT4Collaboration Limited
The Company was funded by support from YHGFL but has traded at a loss since its incorporation. Unaudited Financial Statements to 30 September 2016 showed losses for the period from 1 April 2015 to 30 September 2016 of £376k, with cumulative losses as at 30 September 2016 totalling £E808k.
Management accounts for the 8 months to 31 May 2017 showed further losses of £88k, with addition losses of £106k forecast to be incurred in the period from June 2017 to September 2017.
Administrators' statement of proposals (2017-12-27) · Companies House register