Skillsoft: has a substantial Irish presence.

An outpost at the centre of the world: Skillsoft’s tangled Irish web of debt, losses and write-offs

Skillsoft, the global e-learning company, has filed for Chapter 11 bankruptcy in Delaware in an effort to slash its $2bn debt pile. A data trawl reveals that much of that is housed in a complex network of Irish entities.

29th Jun, 2020 - 7 min read

When Skillsoft, the global e-learning giant, filed for Chapter 11 bankruptcy in the US state of Delaware two weeks ago, it lodged a frenzy of documents mapping out its corporate structures.

The company is working with creditors to wipe its $2 billion debt pile down to just $410 million, and, to convince creditors to the merits of the deal, it was obliged to remove the shackles from its byzantine operating structure.

In total, it outlined an interconnecting network of more than 50 entities spread across 17 jurisdictions – from subsidiaries in Hong Kong and Singapore to financing outposts in the Netherlands and Canada. At the top of the network...

© 2020 Currency Media Limited