Ben Woolrych and Anthony Collier, partners at specialist business advisory firm FRP Advisory LLP, were appointed as Joint Administrators of Gaia Technologies PLC (“the Company”) on 16th August 2019.
Gaia Technologies is based in Bangor, North Wales and is a leading provider of ICT technology, products and services to UK schools, colleges & universities.
Joint Administrator Anthony Collier said: “Gaia Technologies has grown rapidly over the last few years having secured a number of significant contracts, but unfortunately severe cashflow issues have resulted in it being placed into administration.
“We are now working to assess the financial position of the company and will be looking to identify parties who will take the business forward. We expect there to be significant interest in the company and encourage any interested party to contact us at the earliest opportunity.”
Interested parties should contact Elizabeth Rae at FRP Advisory on 0161 833 3344.