BusinessBusiness RecoveryThere’s nothing heavenly about Divine

There's nothing heavenly about Divine

Enterprise solutions provider Divine Solutions UK has followed its Chicago-based parent company into administration, following the appointment of a partner from Begbies Traynor to run the company.

Link: Divine: Parallels with Enron

Vivian Bairstow was appointed joint administrator on Wednesday at Divine Solutions as Divine Inc filed for Chapter 11 protection in the US.

Divine Solutions UK was forced into administration because it could not guarantee receiving further support from its parent company, the administrators said in a statement.

The company employs 66 people and operates out of Windsor, London and Chertsey in Surrey. Worldwide the Divine workforce stands at around 2000 people.

The global network of companies provide extended enterprise solutions through the acquisition of complementary software houses and other related business. Turnover globally was $650m and £10.3m in the UK.

Joint administrator Vivian Bairstow said: ‘Clearly the future of the UK operations depend on the successful outcome of the group’s refinancing and restructuring. Until this is more advanced, it is difficult to be more precise about the future of Divine Solutions (UK).

‘But in the meantime we are doing everything we can to maintain the tradingcapabilities of the company, which includes preserving as many jobs aspossible.’

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