Leeds spinout Escubed has gone into administration having racked up payable debts worth $255,100 by the end of July 2017.

Escubed, a UK-based particle engineering services spinout from University of Leeds, has entered administration with the loss of all 10 jobs at the company, Business Desk has reported.

Founded in 2007, Escubed offers services such as quality control, research and development and patent protection to the particle science and engineering industry. Sourcing appropriate particles and compounds is integral to industries such as pharmaceutical and cosmetics.

Escubed was co-founded by CEO Simon Lawson, who served as Leeds’ director of enterprise and…