Arthur D. Little in administration
Grant Thornton has been appointed administrator to Arthur D. Little, one of Britain's oldest and best-known management consultancy firms, a week after its US parent filed for bankruptcy.
Grant Thornton has been appointed administrator to Arthur D. Little, one of Britain's oldest and best-known management consultancy firms, a week after its US parent filed for bankruptcy.
Partners Mike Jervis, Malcolm Shierson, and Martin Ellis were appointed administrators yesterday for the company, which employs 117 people in the UK.
They will continue to trade Arthur D. Little’s global management consultancy and global environment and risk operating divisions.
Mike Jervis explained: ‘Arthur D. Little’s financial health has been sapped through its support for C-Quential Limited, the media and technology group which is in the process of being wound down.’
He added that the management consultancy, energy consultancy, and environment and risk businesses were running successfully.
The company also owns Cambridge Consultants Limited. Although this business is not affected by the administration it will be offered for sale.
The numbers you crunch tell a story. Your expertis...
22yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article