Tutortoo Ltd (12020072): administration
- Status
- Administration ended
- Administration began
- 2022-08-19
- Administrators
- Ryan Michael Davies, Ian Robert
- Administrators' firm
- Moore Kingston Smith & Partners
- Incorporated
- 2019-05-28
- Location
- London
- Industry
- 85600 Educational support services
Why it went into administration
- COVID-19
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
Tutortoo Ltd was incorporated in May 2019 by the directors, Carolyn Burton and Joanne Burton. It was formed for the purpose of franchising a supplemental education business model originally developed and tested by Joanne Burton. Joanne Burton is a qualified teacher who started teaching in January 2004.
Prior to incorporating the Company, Joanne Burton operated a Canadian tutoring franchise, adapted to. suit the British market. The business achieved a turnover of £165,000 within its first year of operation and she was nominated for the BFA Female Franchisee of the Year award as the fastest growing franchisee in the UK for the franchise. Adapting the franchise model and combining it with after-school and holiday clubs, Joanne Burton went on to set up Tutortoo Limited.
In 2013, Global Industry Analysts Inc (GIA) predicted that the global tutoring market would surpass $102.8 billion by 2018. In 2018, they predicted it would be worth $227 billion by 2022. In the UK it is worth approximately £6.2bn. Research-by the Sutton Trust shows that since 2014,
Administrators' statement of proposals (2022-10-14) · Companies House register