Deloitte, appointed as a joint administrator of the Carter & Carter group and its subsidiary companies, says that it does not expect that any value will be returned to the company's shareholders out of the administration.
The company, which is a major provider of government funded vocational learning and outsourced services, announced its administration earlier this month.
The administrators are now working with the Learning and Skills Council, the Department for Work and Pensions and other parties to secure the survival of the group's businesses.
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