Carter and Carter Group PLC and its trading subsidiaries have today filed for administration. Nick Dargan, Dominic Wong and Chris Farrington of Deloitte, the business advisory firm, have been appointed to work with the management team to secure the ongoing survival of the Group.

The Group, which operates from over 100 locations across the UK and abroad, provides vocational learning services and employability skills training primarily under government funded contracts as well as outsourcing of back office and other functions to the automotive sector. It has a turnover of £125m, 2,500 employees and provides services to over 27,000 learners in the UK.

The Directors had for some time been endeavouring to secure a consensual restructuring of the Group's financial affairs. Administrator Nick Dargan advised: "It is clear that the Carter & Carter Group has a number of tremendous businesses within its portfolio. However, it found it increasingly difficult to sustain the significant level of debt carried following its strategy of growth by acquisition."

He added: "We are delighted with the co-operation given to our team by the management and employees, the Learning and Skills Council and the Group's existing Lenders. That has provided a stable platform to allow us to review all options available to secure the future survival of the Group."

The Group's head office is based in Ruddington, Nottingham and has key locations in Nottingham, Derby, Sheffield, Peterborough and Hounslow as well as various overseas operations.

Notes for editors

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