The city’s largest and oldest language school has ceased operations and went into voluntary liquidation due to the brutal effects of the Covid pandemic.
The Liverpool School of English is a city center institution that has taught thousands of international students for over 20 years.
On Wednesday, it was announced that Craig Povey of Begbies Traynor and Laura Walshe of Keystone Recovery had been named co-liquidators of the organization, which was founded in 1999.
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The Mount Pleasant-based school offered international students the opportunity to learn English in the city and was attended by students from all over the world, including from China and Saudi Arabia.
Its turnover last year was Â£ 5.5million.
The liquidators said the impact of the pandemic and the associated travel restrictions caused a “devastating reduction” in revenue, which saw the company cease operations and the company was voluntarily liquidated.
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The two firms were officially appointed on July 8 to oversee the sale of the assets.
Mr Povey said: âSince March 2020, the business has been adversely affected due to the global response to the pandemic. These measures made the company unsustainable after so many years of success.
âDirectors have explored all avenues to keep the business going since March 2020, but ultimately the challenges presented to them by the foreclosure restrictions and their insurance company’s decision not to pay claims for business interruption and infectious diseases were too important to be overcome.
âThis is an example of a previously very successful company that is devastated by the global response to the pandemic and, sadly, it certainly won’t be the last. “
Ms Walshe added: ‘Like many others, the business has been significantly affected as a result of Covid-19.
âThe company had been trading successfully for over 20 years and welcomed many international students to Liverpool. While the administrators worked 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 overwhelming and the company was forced to cease operations.
âThe closure of this long-established business is an example of the devastation caused by the pandemic. Although restrictions are on the verge of easing in England, it will unfortunately be too late for some companies and the lasting impact of Covid-19 can be seen against the industries most affected for years to come. “
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