Adarma Limited - Administration

Adarma Limited, an Edinburgh-based cybersecurity firm, entered administration on 14 July.

Will Wright and Alistair McAlinden of Interpath were appointed joint administrators and said that the company, which had built a strong reputation in the cybersecurity sector, faced intense competition, rising operational costs, and a continual need for investment. Sustained margin and cashflow pressures ultimately proved insurmountable, and the company entered administration.

Trading has ceased and over 170 staff have been made redundant.

Lloyds Bank and Bank of Scotland have registered charges against the company.