Carter & Carter administrators say no returns for shareholders

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.

Further reading:

Deloitte called in at Carter & Carter

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