Adarma, an Edinburgh-headquartered cybersecurity firm, has reportedly entered a Notice of Intent to appoint an administrator.

The news was broken on LinkedIn by current client director Ross Lockerbie-Tyrrell, who expressed his heartbreak at the revelation.

Adarma has yet, however, to confirm the news, or to have created an announcement across its own socials or its webpage.

“Today, 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,” he wrote in a post, his profile picture now showing that he is open to work amid the uncertainty.

Adarma was founded in 2009, and was acquired in 2019 by Livingbridge, an indepdent private equity firm. From then, Adarma won a £2 million grant from Scottish Enterprise, aiming to drive job creation and boost its research and development.

The firm touts itself as the UK’s leading security operations specialist for modern global enterprises, providing cybersecurity consulting, technology, and managed security services to its clients.

Recommended

• Scots Cybersecurity Firm Receives £2m Grant
• Cybersecurity Specialist Adarma Appoints Ex-Cisco VP as CEO
• Glasgow’s Frog Systems Bought Out Of Administration

The firm saw a change in leadership in September of 2024, with Chris Shaw coming in as CEO, and Ronnie McComb serving as Chairman.

Adarma has served organisations in a range of industries, including financial services, critical national infrastructure, and highly targeted organisations in the FTSE 350.

“It’s a sombre moment when a fellow UK cyber security firm closes its doors,” reflected Tim Anderson, chief commercial officer at CyberCX, on LinkedIn upon hearing the news.