Latest news with #Adarma
The National
23-07-2025
- Business
- The National
More than 100 jobs lost as Edinburgh-based IT firm collapses
Edinburgh-based cyber security company Adarma had reportedly told its employees it was seeking new ownership but only days later announced that the firm had gone into administration. Bosses at Adarma had reportedly told staff they would not be paid their monthly salary and any other money owed to them. Thompsons Solicitors Scotland have confirmed they have now intervened on behalf of more than 100 staff made redundant by Adarma in a bid to secure a payout for staff who have lost their jobs. READ MORE: Humza Yousaf and Nadia El-Nakla in 'gut-wrenching' plea as family 'starving in Gaza' Thompsons, who specialise in helping workers dumped in last minute administration events, were approached by staff and agreed to take on their case. The Firm has previously secured payouts for former employees at The Tullis Russell paper mill in Fife, Watt Brothers dept store in Glasgow and warehouse workers in Ayrshire sacked with 15 minutes notice by a company owned by Sports Direct tycoon Mike Ashley. Paul Kissen, senior lawyer at Thompsons who runs the firm's Protective Award Unit, said that Adarma employees have been treated with contempt and has vowed to win them compensation which they are 'entitled to'. He said: 'Yet again loyal hard-working employees have been led up the garden path by a company that knew it was in trouble but yet told them nothing. 'The employees have been treated with contempt. 'These workers are entitled to compensation through a protective award and I will make sure they get it. 'The employees who are part of the action will each get several weeks' extra pay for the protective award, even those who only worked there for a very short amount of time.' Adarma offered a wide range of security services, including thread detection, security operations, bespoke security and managed data analytics. One former Adarma employee who asked not to be named said that staff were kept 'completely in the dark' and have been dumped with no warning. They said: 'We were told the company was looking for new owners but were under strict instructions to tell clients nothing and make sure they continued to pay for services. 'Not long afterwards we were told about the administration and that we wouldn't get paid. 'We were kept completely in the dark and then dumped without our salaries. As usual the actual workers are just cast aside without a second thought.'
Scottish Sun
22-07-2025
- Business
- Scottish Sun
Major update on bust IT firm after more than 100 Scots workers axed
Thompsons Solicitors are now representing more than 100 ex- Adarma staff who were booted out the door with no pay LEGAL WAR Major update on bust IT firm after more than 100 Scots workers axed Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A top law firm has launched a legal war on behalf of furious workers ditched without a penny by a collapsed Scots cyber security firm. Thompsons Solicitors Scotland are now representing more than 100 ex- Adarma staff who were booted out the door with no pay, after the Edinburgh-based company plunged into administration last week. Sign up for Scottish Sun newsletter Sign up 1 Adarma offered a wide range of security services, including thread detection, security operations, bespoke security and managed data analytics Credit: PA:Press Association Shell-shocked employees were initially told the firm was on the hunt for a new buyer — only to be left stunned just days later when bosses pulled the plug completely. The Scottish Sun understands 173 axed workers across Scotland and England were then told they would not be getting their monthly salary or any of the other cash they were owed. The firm employed 176 people from its Edinburgh and London hubs. Now Thompsons — who've fought and won for hundreds of Scots dumped in similar sudden collapses — have stepped in to take on some of their cases, and are vowing to secure compensation. The legal outfit has previously bagged payouts for staff at Fife's Tullis Russell paper mill, Glasgow's Watt Brothers department store and warehouse workers in Ayrshire infamously given just 15 minutes' notice by a firm owned by retail mogul Mike Ashley. Paul Kissen, the top legal eagle heading up Thompsons' Protective Award Unit, blasted Adarma for the way they treated their workers. He said: 'Yet again, loyal, hardworking employees have been led up the garden path by a company that knew it was in trouble, but told them nothing. They've been treated with utter contempt. 'These workers are entitled to compensation through a protective award — and I'll make damn sure they get it. "Even staff who were only there a short time can expect several weeks' pay.' One former employee, who asked not to be named, revealed the cloak-and-dagger tactics used in the run-up to the company's collapse. Edinburgh Cybersecurity Giant Adarma Collapses with 173 Jobs Lost He said: 'We were told management was looking for new owners, but we were under strict orders to keep clients in the dark and make sure they kept paying. 'Not long after, we were told the company was in administration - and we weren't getting paid. We were completely kept in the dark and then dumped without warning. 'As usual, it's the workers who suffer while the top brass walk away.' Adarma, once a rising star in Scotland's booming tech scene, is now the latest high-profile casualty in the volatile IT sector. Adarma offered a wide range of security services, including thread detection, security operations, bespoke security and managed data analytics.
The National
15-07-2025
- Business
- The National
More than 170 jobs lost as Scottish cybersecurity firm shuts down
Adarma, which was based out of Edinburgh's Fountainbridge area, was one of the largest independent cybersecurity services companies in the UK. Set up in 2009, it provided high-end security to banks and other large firms and employed 176 people across its Edinburgh and London offices. On Tuesday, it was confirmed that 173 Adarma employees had been made redundant. Last week, reports had said the firm had entered a Notice of Intent to appoint an administrator. READ MORE: Jobs lost and weddings cancelled as Scottish venue abruptly closes down Adarma's client director, Ross Lockerbie-Tyrrell, had posted on LinkedIn: 'The business I've poured my heart into for the past two years has entered into a Notice of Intent to appoint an administrator – meaning there is still hope that a buyer can be found. 'But the uncertainty is incredibly difficult, and like many of my colleagues, I'm preparing for what might come next.' The loss of a major customer had reportedly put Adarma under severe financial pressure. Joint administrators Will Wright and Alistair McAlinden from Interpath have now been appointed. Wright, the UK chief executive at Interpath, said: 'Adarma had built a strong reputation in the cyber security sector, but sustained margin and cashflow pressures ultimately proved insurmountable. READ MORE: UK set up secret Afghan migration scheme after massive data leak and media gagged 'Like many in the industry, the business faced intense competition, rising operational costs, and a continual need for investment. 'Given Adarma's financial position, we've made the difficult decision to cease trading. 'Our team is working closely with affected employees to support them through the redundancy process, including assistance with applications to the Redundancy Payments Office.' In 2022, Adarma won a £2 million grant from Scottish Enterprise with the aim of creating 50 more jobs. At the time, it reportedly had more than 330 employees.
Scottish Sun
15-07-2025
- Business
- Scottish Sun
Leading Scots tech firm goes bust with 173 staff axed
It follows growing financial pressure after the loss of a major customer END OF THE LINE END OF THE LINE Leading Scots tech firm goes bust with 173 staff axed Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A LEADING Scottish tech firm has plunged into administration with the loss of 173 jobs. Cybersecurity company Adarma, which has its headquarters in Edinburgh, specialises in threat detection and engineering support for organisations in "high-risk sectors". Sign up for Scottish Sun newsletter Sign up 1 Cybersecurity company Adarma has its headquarters in Edinburgh Credit: Google It has grown to become one of the largest businesses of its kind in the UK. The firm employed 176 people from its Edinburgh and London hubs. But Will Wright and Alistair McAlinden from Interpath were appointed joint administrators on Monday, STV reports. It follows growing financial pressure after the loss of a major customer. The business ceased trading, and 173 staff were made redundant. It's understood around 120 workers were based in the capital. The directors had pursued a formal sale process to secure fresh investment, but ultimately had to make the "difficult decision" to place the firm into administration. Will Wright, UK CEO at Interpath and joint administrator of Adarma Limited, said: "Adarma had built a strong reputation in the cyber security sector, but sustained margin and cashflow pressures ultimately proved insurmountable. "Like many in the industry, the business faced intense competition, rising operational costs, and a continual need for investment. "Given Adarma's financial position, we've made the difficult decision to cease trading. Nearly all staff axed as major Scots manufacturer goes bust "Our team is working closely with affected employees to support them through the redundancy process, including assistance with applications to the Redundancy Payments Office."
STV News
15-07-2025
- Business
- STV News
Over 170 staff made redundant as Scots cybersecurity firm enters administration
A leading Scottish cybersecurity firm has entered administration, resulting in 173 employees losing their jobs. Edinburgh-based Adarma, which was founded in 2009, had grown to one of the largest independent cybersecurity companies in the UK with clients in the banking and luxury goods industries. The business employed a total 176 staff across their headquarters in the Scottish capital and office in London. The directors were pursuing a formal sale process in a bid to inject fresh investment into the business after the loss of a major customer resulted in financial pressure. However, STV News understands that employees were told during a call on Thursday that Adarma would be ceasing operations. Will Wright and Alistair McAlinden from Interpath were appointed joint administrators on Monday. Upon appointment, the business stopped trading and 173 staff were made redundant. It is understood that they will not be paid for the work carried out in July and will have to claim any unpaid wages through the Government's Redundancy Payments Service for up to £719 per week. Will Wright, UK CEO at Interpath and joint administrator of Adarma Limited, said: 'Adarma had built a strong reputation in the cyber security sector, but sustained margin and cashflow pressures ultimately proved insurmountable. 'Like many in the industry, the business faced intense competition, rising operational costs, and a continual need for investment. 'Given Adarma's financial position, we've made the difficult decision to cease trading. Our team is working closely with affected employees to support them through the redundancy process, including assistance with applications to the Redundancy Payments Office.' Get all the latest news from around the country Follow STV News Scan the QR code on your mobile device for all the latest news from around the country
