A language school in Liverpool which has taught thousands of international students for over 20 years has ceased operations and gone into voluntary liquidation.
Begbies Traynor’s Craig Povey and Keystone Recovery’s Laura Walshe have been named co-liquidators of the Liverpool School of English, founded in 1999.
The school, based in Mount Pleasant, offered international students the opportunity to learn English in the city and attracted students from around the world, including China and Saudi Arabia.
Last year the turnover was £5.5 million.
The impact of the pandemic and associated travel restrictions led to a reduction in revenue which saw the business cease operations and the company voluntarily disbanded.
Joint liquidators were officially appointed on July 8 to oversee the sale of the assets.
Begbies Traynor’s Craig Povey who was appointed joint liquidator, said: “Since March 2020, the company has been negatively affected due to the global response to the pandemic. These measures made the company unsustainable after so many successful years.
“Administrators have explored all avenues to keep business going since March 2020, but ultimately the challenges presented to them by lockdown restrictions and their insurance company’s decision not to pay for losses exploitation and infectious disease claims were too great to overcome.
“This is an example of a previously very successful business devastated by the global response to the pandemic and, sadly, it certainly won’t be the last.”
Laura Walshe of Keystone Recovery added: “Like many others, the business has been significantly impacted by Covid-19.
“The company had already successfully negotiated for over 20 years and welcomed many international students to Liverpool.
“Despite the administrators working tirelessly to overcome the challenges posed by the lockdown, international travel restrictions and their insurer’s decision not to pay a business interruption claim, these were simply insurmountable and the company has was forced to cease operations.
“The closure of this long-established business is an example of the devastation caused by the pandemic.
“While restrictions are about to ease in England, unfortunately it will be too late for some businesses and the lasting impact of Covid-19 could be seen in the hardest hit industries for years to come.”