BusinessBusiness RecoveryDeloitte administrators sell Morrisons training provider in pre-pack

Deloitte administrators sell Morrisons training provider in pre-pack

Training provider sold in pre-pack - but Morrisons contract excluded

Deloitte administrators sell Morrisons training provider in pre-pack

DELOITTE ADMINISTRATORS has sold Morrisons training provider Elmfield via a pre-pack, saving more than 300 jobs.

Dan Smith, Dominic Wong and Paul Meadows from Deloitte, were appointed joint administrators of Elmfield Training, a vocational training provider based in Warrington and sold the business to EQL Solutions, a subsidiary of CareTech.

However, the Morrisons contract was not part of the deal and is likely to be taken over by another provider along with about 50 staff associated with that contract.

Elmfield employed about 350 staff with about 300 of them moving over to EQL Solutions as part of the deal. The pre-pack has managed to maintain around 5,700 places for those already enrolled in a training programme.

Smith said: “The sale ends a period of great uncertainty for employees and ensures disruption to learners is minimised.”

“Elmfield was historically profitable, but incurred a loss before tax of £6.4m in 2012. Whilst underlying profitability was restored in 2013, the company’s cash position continued to worsen.”

According to the Liverpool Daily Post, Elmfield was paid more than £60m in public cash to train apprentices for Morrisons. However, it later became the centre of a government inquiry after claims it falsified records in a big to claim extra state money.

Related Articles

Using insolvency as a debt recovery tool

Business Recovery Using insolvency as a debt recovery tool

4m Emma Smith, Managing Editor
Kingston Smith liquidators to distribute millions to Bond International Software PLC members

Accounting Firms Kingston Smith liquidators to distribute millions to Bond International Software PLC members

11m Stephanie Wix, Writer
SFP sells off Pixel Projects and saves all staff

Business Recovery SFP sells off Pixel Projects and saves all staff

11m Stephanie Wix, Writer
Smith & Williamson appointed administrators of 4Children

Accounting Firms Smith & Williamson appointed administrators of 4Children

1y Richard Crump, Writer
Big Four insolvency specialist joins Gibson Hewitt

Business Recovery Big Four insolvency specialist joins Gibson Hewitt

1y Richard Crump, Writer
Administrators from KPMG appointed to City Motor Holdings

Business Recovery Administrators from KPMG appointed to City Motor Holdings

1y Richard Crump, Writer
Johnston Carmichael appointed as joint administrators for Axon Well

Accounting Firms Johnston Carmichael appointed as joint administrators for Axon Well

1y Stephanie Wix, Writer
Begbies Traynor appointed administrators of William Anelay

Accounting Firms Begbies Traynor appointed administrators of William Anelay

1y Richard Crump, Writer