Allan Graham and Jane Moriarty from KPMG’s restructuring practice were appointed Joint Administrators to New Career Skills Limited, a provider of ‘career-change’ plumbing and electrical courses, on 28th November 2013.
The Hastings-based company provides training through a combination of home study and practical training carried out at three centres in Doncaster, Southampton and Watford. Upon appointment, the Southampton training centre has been closed with immediate effect, and 54 of the 83 members of staff employed across the company have been made redundant.
The company is currently engaged with more than 1,500 students. Training will continue to be provided to all students, including those based at Southampton who will receive training through alternative means.
Commenting on the appointment, Allan Graham, partner at KPMG and joint administrator, said: “In recent months, the company has suffered from a substantial deterioration in its finances, which prompted the directors to appoint administrators. While we assess the options for the business, it is our intention to continue to provide training to those students who are already engaged on learning programmes.”
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For press queries on the administration, please contact:
Katy Broomhead, PR Manager KPMG
T: 0161 246 4623
M: 07824 537963
KPMG Press office: +44 (0) 207 694 8773
Notes to Editors:
Staff redundancies are broken down by site as follows:
Students with enquiries about their course should call: 01424 456800
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 12,000 partners and staff. The UK firm recorded a turnover of £1.8 billion in the year ended September 2012. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 156 countries and have 152,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.