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.
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.