Administrators called in as Oxbridge hit by 'cash flow pressures'

An e-learning company has fallen into administration.

Rebecca Dacre and Guy Hollander of Forvis Mazars were appointed as joint administrators of Oxbridge Ltd, trading as Oxbridge Home Learning, on October 1.

The Birmingham-based business offered online courses such as GCSEs, A-levels and vocational qualifications in a broad range of subjects but ceased trading in early September.

A statement from administrators said the move was as a result of "significant cash flow pressures" which led 11 members of staff being made redundant at the firm which is based at the Mailbox complex.

Forvis Mazars said it undertook an extensive marketing exercise throughout August and September in a bid to find a buyer for the business and its assets through a potential pre-packaged sale and administration.