It was floated on the AIM stock market in 2010, and in 2011 it was named as Scotland's fastest-growing technology business by the accountancy firm Deloitte.

BBC: Business

One vice-chancellor from this group said he might consider charging the maximum for courses such as business or accountancy while charging perhaps only half as much for, say, a philosophy degree.

BBC: Students could be tough customers

Just one UK computer business had made it into the FTSE, he told us, and that was Sage, the Newcastle-based accountancy software firm.

BBC: Why can't the UK produce world-beating tech companies?

In a statement, the administrators, from the Belfast-based accountancy and consultancy firm RSM McClure Watters, said that the hotel would remain open for business.

BBC: Leading Portrush hotel goes into administration