Financial Analyst - Qualified/Semi Qualified CA

UK networking hardware vendor Cambium Networks has entered administration and warned customers its cloud management platform may shut down by 1st October. The company laid off 260 staff — 53.6% of its workforce — without severance pay and has ceased production of Wi-Fi access points, firewalls, and switches. Administrators are attempting to salvage the fixed wireless broadband business whilst selling off existing stock. Cambium is urging enterprise customers to migrate from cnMaestro Cloud to its on-premises management software immediately. However, the software is only available under a 90-day trial licence with reduced functionality after expiration. The company's troubles follow years of financial difficulties, including unreliable financial reports for 2022 and 2023, subsequent NASDAQ delisting, and warnings about its ability to continue operations.

Broadband provider operating in UK enters administration. 15th September Cambium Networks has told its customers that it has gone into administration (Image: Getty) A Wi-Fi company which operates in the UK, USA and India has entered administration, it has announced. Cambium Networks' ONE network "brings fixed wireless, Wi-Fi, switching, and cloud management together so everything works as one." It says it aims to "deliver the right solution" for customers when it comes to connecting people, businesses and communities. Cambium Networks has told its customers that it is currently in administration, adding a notice to its website. What Happens When a Company Goes Into Administration? The message says: "The affairs, business and property of Cambium Networks Limited are being managed by David Shambrook, Gordon Thomson, James Woodhead and Joe Barry of RSM UK Restructuring Advisory LLP as Joint Administrators." The company operates from its UK office in Ashburton, Devon and offers "fixed wireless, Wi-Fi, switching, and cloud management" for customers. Newsquest has approached Cambium Networks for comment. Readers vote. Cambium Networks has entered administration. We want to know if this has affected you. UK broadband provider, iTalk Telecom, has also entered administration after 19 years in business. Andrew Pear and Richard Keley of Moorfields Advisory Limited were appointed as administrators for iTalk Affiliate Telecommunications Ltd, according to The Gazette. Companies House shows that iTalk has outstanding accounts dating back to March 28, 2025. Newsquest approached iTalk for comment. What happens when a company goes into administration? When a company enters administration, it means that it is unable to pay expenses, debts, or other liabilities, according to SquareUp.com. Companies House adds: "When a company goes into administration, they have entered a legal process (under the Insolvency Act 1986) with the aim of achieving one of the statutory objectives of an administration. "This may be to rescue a viable business that is insolvent due to cashflow problems. "An appointment of an administrator (a licensed insolvency practitioner) will be made by directors, a creditor or the court to fulfil the administration process." A statutory moratorium is put in place once a company enters administration, giving it "breathing space" to allow for financial restructuring plans to be drawn up free from creditor enforcement actions. A company can continue to trade while in administration, but daily management and control are handed over to the administrators. Companies House continues: "Within 8 weeks it is the administrators' role to formulate administration proposals. "Creditors are then asked to vote by a decision procedure to approve the administrators' proposals. "If the administration involves a sale of all or part of the company's business, the proceeds (after the costs of the procedure) will be distributed to creditors in a statutory order of priority." Administration will end automatically after 12 months unless the administrator asks the court or creditors for an extension. Through administration, a company can be: * Rescued and passed back to the directors * Enter liquidation * Be dissolved Recommended reading: Other UK companies that have closed or entered administration/liquidation in 2026. It has been a tough year for the UK high street, with several other retailers entering administration or liquidation and others announcing widespread store closures. Whitbread confirmed it would be closing all its UK restaurants in September: * Brewers Fayre (89 locations) - closed on September 7 * Beefeater (106) - September 10 * Bar + Block (20) - September 3 * Table Table (32) - September 3 * Cookhouse + Pub (14) - September 3 TG Jones and the British Heart Foundation will also be closing around 150 stores each across the UK. The likes of BrewDog and Franca Manca have been forced to close some bars and restaurants this year. Do you use Cambium Networks' Wi-Fi services? Let us know in the poll above or comments below.

Cambium Networks enters administration. News. According to reports, the UK wireless network business has become insolvent after months of financial struggle. Cambium Networks, Ltd., the wholly owned UK subsidiary of Cambium Networks Corporation, has filed a Notice of Intent to appoint administrators, according to reports from ISPreview. By appointing administrators, the company is legally protected from creditors seeking repayment of debts. As part of the process, the administrators will seek sales of assets and business lines, with remaining entities in the group to be wound up through local processes. Incorporated in 2011, UK-based Cambium Networks offers fixed wireless access (FWA), Wi-Fi, switching, and cloud management services to enterprises and ISPs. At its peak, the company's products were used by over 10,000 network operators worldwide. In the UK, the company was perhaps best known as a supplier of FWA-focussed altnet Airband, which was itself sold this month to rival altnet Voneus after an administration process. Cambium's financial struggles have been clear for some time, with the company's stock price collapsing over the past four years from its peak in April 2021. Management attributed this slide to a softening of demand, stronger competition, and supply chain issues. The company's issues came to a head in March this year, when Cambium was delisted from the Nasdaq stock exchange after delayed reporting and SEC filing compliance issues. Even more recently, Cambium cut 260 jobs worldwide, representing around 54% of its workforce. With the UK business now in administration, Cambium's future will depend on whether buyers can be found for its remaining assets and operations, leaving the company's customers, partners and employees facing considerable uncertainty. More on this topic: