Scotland-based digital skills academy CodeClan has entered liquidation due to a lack of funding and “challenging market conditions”.
Launched in 2015, CodeClan ran two campuses: one in Edinburgh and the other in Glasgow, and a previous location in Inverness.
“It is with extremely heavy hearts that we announce that CodeClan has gone into liquidation and will cease all operations as of 4 August 2023,” reads a statement issued on CodeClan’s website.
All of the organisation’s 57 employees have been made redundant.
A document posted by the organisation’s head of marketing Killian McAleese shows 40 students, who were currently enrolled at CodeClan studies, are now facing an unexpected early end to their courses.
CodeClan has appointed Quantuma Advisory’s Craig Morrison and Scott Milne as joint provisional liquidators.
Morrison said: “It is deeply regrettable that Codeclan has been forced to cease trading, due to challenging market conditions.
“A combination of unsettled trading conditions, particularly impacting the business placements side of the business, has seen Codeclan unable to continue.”
An attempt to save the education provider through a £50,000 crowdfund was started by student Stuart Ure, which at the time of writing stands at £15,429.
Ure, writing on the crowdfunding page, said: “I left my job, a scary thing to do at 34 years old, and put all my savings into the CodeClan professional software development course; a long-term investment into my future.”
The student hopes the fundraiser will go towards helping the 7 courses finish their studies.
“To be clear: this money is NOT to help us recoup our losses financially. No student will get their course fees back from this money,” says Ure.