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.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel