Education-focused MSP Eduthing has performed a pre-packaged administration in a move its CEO says will ensure continuity of services for its 600 schools customers and safeguard 130 jobs.
Eduthing Ltd today reached an agreement to be acquired by associated business Eduthing Group in a transaction managed by business recovery specialist Exigen.
Talking to IT Channel Oxygen, co-founder and CEO Luke Nicolaou characterised the Surrey-based outfit as a “good business” that had gone through “an incredibly challenging period”.
Founded in 2018, Eduthing saw fiscal 2026 revenue hit £16.2m on the back of three acquisitions and organic growth.
It has around 600 managed services customers, a “fair number” of which pre-pay for their services, Nicolaou said.
“We’re honouring those contracts,” Nicolaou said.
“The whole process has basically been about securing employment and making sure schools continue to have a service and are not financially worse off because of it.”
“As a business, our headcount was slightly too high,” Nicolaou added.
“We maybe didn’t get the synergies from those acquisitions as quickly as we could have done, but there were also lots of external pressures from changes to national insurance and business rates.”
Despite efforts by the board to resolve the financial challenges outside of a formal process, Eduthing opted to call in Exigen Group after the situation became “untenable”.
Eduthing’s decision to engage a business recovery specialist when they did meant it could secure a sale that kept the business trading, Joint Administrator David Kemp said in a statement.
“Doing so has protected circa 130 jobs and delivered the best available outcome for creditors,” Kemp stated.
“Whilst processes such as Administration are never easy, this outcome shows why the process exists, as companies are not immune to circumstances outside of their control having a material impact. Nobody starts a business expecting to end up in this situation, but when problems do arise, directors who deal with them early and explore restructuring options will maximise the position for all concerned.”
Headquartered in Walton-on-Thames in Surrey, Eduthing last year expanded its presence in West Yorkshire and Essex by acquiring Trust IT and United Technologies. The former deal complemented its 2023 acquisition of Mint Support in West Yorkshire. It offers not only managed services but also professional learning opportunities for teachers and pupils, as well as hardware and software resell.
Nicolaou said the restructuring process had forced the directors to “step back and adapt to the changing market”.
“We’ve reduced headcount, and cut out unnecessary, duplicated cost. We’ve been doing that since January, but it just came to a point where a few weeks back we decided we needed to go a bit harder than planned.
“We’ve got a good business here. We just needed some help to restructure and make sure that we have a strong platform for the future.”
Doug Woodburn is editor of IT Channel Oxygen
