Scots accountants appointed liquidator of Edinburgh-based tech agency

A SCOTS accountancy has been appointed liquidator of an Edinburgh-based video tech agency following the affect of Covid on the enterprise.

Ajenta, recognized for its digital classroom platform Vscene, has appointed Shona Campbell of Henderson Loggie as liquidator.

The enterprise says the transfer to liquidate Ajenta comes on account of the extreme affect Covid restrictions had on its capability to provide {hardware} to prospects.

Regardless of experiencing its strongest ever buying and selling in latest months, the enterprise has been unable to beat cashflow difficulties introduced on by the pandemic.

Shona Campbell of Henderson Loggie has been appointed liquidator of the enterprise following the affect of Covid. (Picture provided with launch by Maggie Wright Associates)

Ajenta acquired the Vscene platform in 2018 from academic charity JISC.

Since then, its builders and engineers have additional tailor-made the service to offer market-leading safe video collaboration for over 10,000 prospects in training, analysis and public sectors worldwide.

Eight jobs have been made redundant on the agency, and a small group has been retained to proceed to offer the Vscene service to the prevailing prospects whereas the liquidator explores the sale of the enterprise and property.

Ajent founder and director John Wilson stated: “Like many companies we skilled a harmful drop off in buying and selling exercise throughout the pandemic which has resulted in a mounting cashflow deficit.

“Vscene offers immersive digital classroom know-how that gives versatile and equitable entry for distant college students into bodily lecture rooms.

“We at the moment are seeing sharply rising demand for our companies as academic establishments proceed to develop hybrid fashions for instructing and studying.

“Sadly, this improve in gross sales has not been sufficient to shut the monetary hole created throughout lockdown.

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“We had been assured that extra funding may very well be secured till just lately and as quickly it was established that this wasn’t attainable, we took steps to hunt recommendation from an insolvency practitioner.

“I remorse that we have now been unable to proceed buying and selling, however our prospects won’t see any change to their present service as we have already got some curiosity from potential purchasers of the enterprise.”

Shona Campbell, enterprise restoration and insolvency companion at Henderson Loggie, stated: “Ajenta has recurring income from the Vscene service, a robust order guide, and pipeline of future potential orders so we’re hopeful of a speedy and passable sale.

“Within the meantime, we’ll guarantee employees obtain their full redundancy entitlements and can work with the remaining group to keep up a excessive stage of service for present prospects.”