The firm, founded in 2009, had grown to become one of the UK’s largest independent cyber security businesses, employing 176 people across its headquarters in Edinburgh and an office in London.

The directors had pursued a formal sale process to secure fresh investment after the business had faced growing financial pressure after losing a major customer and had subsequently made steps to reduce its cost base. However, without a solvent funding option, the business was not in a financial position to continue trading and the directors were left with no choice but to place the company in administration.

The joint administrators stepped in on Monday 14 July 2025.

Upon appointment, the business ceased to trade and 173 staff were made redundant. The remaining staff have been retained to assist the administrators with their duties. The joint administrators will now focus on supporting impacted staff as they wind up the business.

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.”