The largest and oldest language school in the city ceased operations and went into voluntary liquidation due to the brutal effects of the Covid pandemic.
Liverpool School of English is a city center based institution which has taught thousands of international students for over 20 years.
On Wednesday, it was announced that Begbies Traynor’s Craig Povey and Keystone Recovery’s Laura Walshe had been named co-liquidators of the organization, which was founded in 1999.
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The school, based in Mount Pleasant, offered international students the opportunity to learn English in the city and was attended by students from all over the world, including China and Saudi Arabia.
His turnover last year was £5.5million.
Liquidators said the impact of the pandemic and associated travel restrictions had caused a “devastating reduction” in revenue, which saw the company go out of business and the company voluntarily dissolved.
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The two companies were officially appointed on July 8 to oversee the asset sale.
Mr Povey said: “Since March 2020 the business has been impacted by 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.”
Ms Walshe added: “Like many others, the business has been significantly affected as a result of Covid-19.
“The company had already been trading successfully for over 20 years and had welcomed many international students to Liverpool. Although 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 insurmountable and the company was forced to cease operations.
“The closure of this long-established business is an example of the devastation caused by the pandemic. Although restrictions are about to be eased 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.
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