# Graduation Bidco Limited (10216479)

> Why UK company 10216479 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10216479

- **Status:** In administration
- **Administration began:** 2025-01-17
- **Administrators:** Julian Heathcote, Daniel James Mark Smith
- **Administrators' firm:** Teneo
- **Formerly:** BDC Bidco 70 Limited
- **Incorporated:** 2016-06-06
- **Location:** Birmingham
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Rising costs / inflation
- Cash flow / liquidity pressure

## From the administrators' statement

GBL and its subsidiary undertakings (including the other Companies) (together the “Group”) provided out-of-classroom learning experiences for schools, colleges and universities. The Group traded as Inspiring Learning and four other main brands (Kingswood, Skern, Camp Beaumont and In2Action) across multiple UK geographies and Asia.

In the UK, the Group operated from 12 residential sites, all of which were leased. Nine of the residential site leases were held by KLLG, the remaining three site leases sat within subsidiaries of KLLG, KCL, The Ultimate Adventure Centre Limited (“UAC”) and Skern Lodge Limited (“Skern’). KLLG also held the leaseholds for the Group’s Brighton and Norwich offices.

The Group employed 594 employees, with KLLG employing 467 and GBL employing 2 of these staff members. There were no employees in the other three insolvent entities.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10216479/filing-history/MzQ1MjU2NzI4NmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10216479

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