Adarma
Adarma was an Edinburgh-based, independent UK cybersecurity services company backed by private equity firm Livingbridge. The firm entered administration on 14 July 2025 after its backer withdrew funding, ceased trading, and made 173 staff redundant.
- Company typePrivate
- Founded2015
- HeadquartersEdinburgh, United Kingdom
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Adarma does
Adarma was an Edinburgh-based, UK-headquartered independent cybersecurity services company operating under the legal entity Adarma Limited. It was founded in Edinburgh and functioned as a privately held firm throughout its operating life, backed by UK private equity investor Livingbridge, which held ownership control of the business. On 14 July 2025 the company entered administration, with Will Wright and Alistair McAlinden of Interpath Advisory appointed as Joint Administrators, and the business immediately ceased to trade; 173 staff were made redundant, with only a small number retained to assist with winding up the company. The insolvency was precipitated by Livingbridge's withdrawal of funding approximately three months prior (circa April 2025), which the PE firm attributed to the loss of major contracts and the resulting financial pressure.
The available source material does not specify Adarma's product portfolio, service lines, underlying technology stack, or pricing mechanics. No proprietary products, named platforms, certifications, patents, or technical integrations are documented. The only disclosed capital event is a $2.29M funding round from Scottish Enterprise on 4 October 2022. The operating footprint was centred on Scotland in the United Kingdom, and there is no evidence of a global footprint or multi-jurisdictional entity structure. Contact channels for creditors and employees are routed through Interpath Advisory insolvency inboxes, indicating the business is in active wind-down rather than operating continuity.
Leadership data points to a succession of senior figures including Chris Shaw and John Maynard as chief executives, David Calder as co-founder and chief product officer, Ronnie McCombe and Dominique Cerutti as successive chairmen, and James Todd as chief technology officer. However, no management commentary on growth strategy, customer mix, or technology differentiation is present in the source material, and the absence of these signals — combined with the administration event — means any current-state assessment must be heavily caveated.
Adarma firmographics
Firmographics- Name
- Adarma
- Legal name
- Adarma Limited
- Website
- https://adarma.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Closed
- Headcount range
- 101–250 employees
- Short description
- Adarma was an Edinburgh-based, independent UK cybersecurity services company backed by private equity firm Livingbridge. The firm entered administration on 14 July 2025 after its backer withdrew funding, ceased trading, and made 173 staff redundant.
- Ownership category
- akta.pro rank
Adarma industry classification
Industry- Product category
- Managed Cybersecurity Services
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Services-Engineering, Accounting, Research, Management (8700)
- akta.pro primary industry
- Identity Threat Detection & Response (ITDR) (HDAEAJAH)
- akta.pro secondary industries
- Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL), Identity, Access & Secrets Management for AI Systems (IAM for agents/models) (HDAAAKAJ)
Keywords
Where Adarma is headquartered
LocationHeadquarters
- HQ city
- Edinburgh
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Adarma business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Adarma product offering
Product offeringCore offering
Adarma is an Edinburgh-based UK cybersecurity company that provides managed security services, threat detection, and incident response to enterprise clients. The company offered security operations, strategic advisory, penetration testing, threat intelligence, and vulnerability management services. As of July 2025, Adarma entered administration with 173 staff made redundant.
Product overview
Adarma was an Edinburgh-based UK cybersecurity company. As of 14 July 2025, the company entered administration and ceased all trading operations. Will Wright and Alistair McAlinden of Interpath Advisory were appointed as Joint Administrators. The business had 173 staff made redundant, with only a small number retained to assist with winding up the business. The company ceased trading after its private equity investor Livingbridge withdrew funding approximately three months prior, citing loss of major contracts and resulting financial pressure. No specific product names, service offerings, or product portfolio details are available in the provided source material.
Differentiator
Problem solved
Functional benefit
Companies that use Adarma
Customer profileIdeal customer profiles1 record
Adarma technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Adarma partnerships and signals
Strategic signalScale indicators1 record
Recent moves5 records
Expansion highlights2 records
Adarma competitors and assessment
Company assessmentDirect peers
- Trustwave: Global managed security services provider (MSSP) offering threat detection, response, and consulting. Directly comparable to Adarma's services portfolio and enterprise customer focus.
- NCC Group: UK-headquartered independent cybersecurity services and consulting firm. Direct comparable to Adarma as a British cyber services business serving enterprise customers, with similar managed services and advisory offerings.
- WithSecure: European-headquartered cybersecurity company offering managed detection and response, consulting, and security services. Comparable as an independent services-led cybersecurity business competing in the UK/European enterprise market.
- Bridewell: UK-based independent cybersecurity services company providing managed security, consulting, and testing. Direct peer given shared UK focus, mid-market enterprise customer base, and similar services-oriented go-to-market.
Broad incumbents
- Mandiant: Threat intelligence and incident response services company (now part of Google Cloud). Comparable services-led approach in threat detection, incident response, and cyber consulting to enterprise clients.
- Sophos: UK-headquartered cybersecurity vendor with a substantial managed detection and response (MDR) services business. Comparable UK base and overlap in managed security services for mid-market and enterprise customers.
- BAE Systems Applied Intelligence: Division of a large defence and security incumbent offering cyber, financial crime, and intelligence services. Overlaps Adarma in enterprise cybersecurity consulting but operates at much larger scale across a broader portfolio.
- Darktrace: UK-founded AI cybersecurity company with a heavy enterprise services and managed detection offering. Comparable UK origin and enterprise cyber services positioning, though product-led rather than pure services.
Emerging players
- F-Secure (now WithSecure consumer): Nordic cybersecurity company with enterprise services offerings. Comparable in managed detection and consulting services for mid-market European customers, though smaller scale than Adarma was at peak.
Others
- PwC UK Cybersecurity Practice: Big Four professional services firm with a large UK cybersecurity and risk advisory practice. Competes with Adarma for the same enterprise cyber consulting mandates, though as an ecosystem participant rather than a pure-play peer.
Market position
Strengths1 record
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights2 records
Customer concentration
Adarma social profiles
Digital presenceAdarma financial estimates
Financial estimateRevenue estimate
Valuation estimate
Adarma leadership team
Management profileNumber of profiles
Profiles6 records
Adarma funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Adarma M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Adarma
What does Adarma do?
Adarma is an Edinburgh-based UK cybersecurity company that provides managed security services, threat detection, and incident response to enterprise clients. The company offered security operations, strategic advisory, penetration testing, threat intelligence, and vulnerability management services. As of July 2025, Adarma entered administration with 173 staff made redundant.
Is Adarma a public or private company?
Adarma is a private company. It is classified as private equity controlled and is currently closed.
When was Adarma founded?
Adarma was founded in 2015. It employs 101 to 250 people.
Where is Adarma based?
Adarma is headquartered in Edinburgh, United Kingdom, in the Europe region.
Who are Adarma's main competitors?
Direct peers on record are Trustwave, NCC Group, WithSecure and Bridewell. Broad incumbents are Mandiant, Sophos, BAE Systems Applied Intelligence and Darktrace. F-Secure (now WithSecure consumer) is listed as an emerging player. PwC UK Cybersecurity Practice is listed as an others.
Does Adarma have an API?
No public API is recorded for Adarma.
What industry is Adarma in?
Adarma's product category is Managed Cybersecurity Services. Its primary akta.pro industry code is HDAEAJAH, Identity Threat Detection & Response (ITDR), with a secondary code of BPAHAFAL, Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC). Its NAICS code is 561621 and its SIC code is 8700.