Original URL: http://www.channelregister.co.uk/2010/03/10/advent_training_rescue/
Saviour likely for titsup training firm
Advent students still waiting for a saviour
Posted in Enterprise, 10th March 2010 13:44 GMT
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Administrators for Advent Computer Training, and its sister school for plumbers, believe they have found buyers for the company.
In fact they've found two buyers for the Hagley-based firms and got cooperation from a major creditor. The collapse left many students out of pocket because they had paid up-front for Microsoft Certified Engineer and other courses.
Brian Gould, partner at administrators PKF, said last week: “We have agreed sales of the businesses subject to contract, with two separate training organisations and also with one of the major funders involved.
"This covers the interests of a considerable number of the students affected who should be able to continue their studies soon. Hopefully this will take a weight off their minds."
Gould would not name the companies but said one was a technology training specialist and the other focused on trade services like plumbing.
Negotiations are continuing, we were told today.
The two firms employed 250 people and had annual turnover of £30m. The precise outcome for students who have already paid fees will depend on the details of any sale agreement. ®