Pera Technology calls in administrators

Pera Technology has slipped into administration putting over 150 jobs at risk.

The news comes just weeks after sister company Pera Management Services was wound up.

Pera Technology, based in Melton Mowbray was established in 1946 to try and stimulate activity in post-War Britain.

Last year it had a turnover of £13.6m, but reported an operating loss of £1.27m.

The organisation worked with companies of all sizes from across Europe, and helped ease the risk involved in new product development, as well as access European grant funding.

Over the past decade, it was estimated that Pera Technology worked on at least 600 innovative technology projects, with a market value of around £20bn for our clients.

Darren Brookes and Gary Corbett both of Milner Boardman & Partners have been appointed administrators.