Bosses of failed IT firm that owed schools £171k start new company
Two directors of a computer finance firm that went into liquidation owing schools thousands of pounds have set up a new company, it emerged this week.
Instar Digital Ltd, based in Stafford, ran IT schemes for schools, including student 1:1, salary sacrifice and staff purchase schemes.
It was put into voluntary liquidation last May with creditors owed £670,000. A total of 20 schools and colleges who had signed up for the schemes were owed £171,452.
The two directors behind the failed company – Ronald Bird and Michael Grindle – have set up another firm called Educom Ltd.
According to company records, it was set up last April. The pair were made directors in September.
Schools Week called a separate business to ask to speak with Mr Bird or Mr Grindle about the new company.
When asked about the new company, Mr Grindle said it would be a car warranty business. He said he would call back this week with more details, but no call has been received.
Instar Digital is still in the process of being wound up, according to Companies House.
The firm’s liquidator did not respond to a request for comment. He had previouly told Schools Week the company had been put into liquidation because of a slow take-up and high level of bad debt.