Edududes: an out-of-hours Administration appointment - Resolve Group UK

Edududes: an out-of-hours Administration appointment

Resolve Group UK

Out-of-hours Administration

ReSolve has recently been engaged by Edududes Ltd on very short notice, accepting a secured creditor Administration appointment to avoid a winding up petition which would have dissipated value in the business.

Edududes provides disruptive software applications for the skills sector to help learning providers engage customers.

Having reacted very quickly to the time critical situation ReSolve staff worked over the weekend to undertake the out-of-hours Administration appointment.

ReSolve then conducted a marketing campaign, which resulted in the successful sale of the business and assets, which included the transfer of employees.

In just over one week ReSolve had taken the appointment, marketed the Company for sale, completed a sale and made a distribution to the secured creditor.

‘We were pleased to be able to help Edududes in such a time critical situation. By working quickly and effectively over a weekend we were able to achieve the best result for all parties.’

Mark Supperstone, Managing Partner, ReSolve

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