Flint Bishop

Administrators PKF hopeful of Advent rescue

There is new hope for students caught up in the collapse of two Midland training companies.

Administrators from accountants and business advisers PKF in Birmingham say there has been strong interest in Hagley-based Advent Computer Training and Access 2 Careers and talks were taking place.

PKF partners Ian Gould and Brian Hamblin were appointed last week to run the firms while a buyer is sought.

Both were operated by directors Ivor Allchurch and Ashley Jones from offices at 5 The Mews, Hagley Hall, Hagley, Worcestershire. They employed around 250 people and had a joint annual turnover of £30 million.

Advent Computer Training, established in 2002, provided IT training, while Access 2 Careers, formed in 2004, offered plumber and electrician training for up to 1,000 students at any one time.

Mr Gould said: "We have been really pleased at the response.

"We have had a number of suitably qualified training companies offering to get involved and assist in this matter.

"We are in advanced discussions with a number of parties and all relevant stakeholders.

"However, there remain a lot of matters still to be resolved and it is unlikely anything significant will happen before Friday at the earliest."

Mr Gould said he wanted to thank all those who had rallied round to keep the businesses going, in particular those staff that had "come back to assist and provide information".

To students, some of whom had taken on substantial financial commitments, he said: "I would ask them to bear with us. I know they have been waiting an awfully long time and I cannot make promises, but we are optimistic. Matters are progressing as well as we dared hope."

Mr Gould has pledged to do his utmost "to find the best solution for both the creditors and the students and identify a buyer to take over responsibility for the students and their courses".

He has previously stated that the size of the liability across both companies "will be largely dependent on how successful we are in mitigating the students' losses through achieving an early sale".

Websites and helplines have been set up to assist students, employees and creditors.

The websites are at www.pkf.co.uk/advent and www.pkf.co.uk/access2careers. The help line number for Advent is 0844 770 1921 and for Access 2 Careers 0844 770 1922.



Bookmark and Share

Article published by Midlands Business News on 25 February, 2010

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by PKF Birmingham:



  • Businesses urged to take advantage of more generous ‘automatic enrolment’ staging dates - click to read
  • Check your tax code…because HMRC officers may not have done - click to read
  • Midlands livestock feed specialist announces acquisition - click to read
  • A not-too-taxing New Year resolution: make your income, savings and investments go further - click to read
  • Birmingham’s business community enjoys the festive spirit at PKF’s annual ‘Chicken Wings’ bash - click to read
  • Avoid a taxing Christmas by planning ahead - click to read
  • New tax anti-avoidance proposals will reduce grey areas – but achieving tax certainty will take years - click to read
  • PKF named 'Accounting Team of the Year' at flagship healthcare awards - click to read
  • Marie Curie Cancer Care the big winner at PKF quiz night - click to read
  • Holiday home buyers need to know the new tax facts - click to read
  • Tough choices for Swiss account holders - click to read
  • Company car drivers urged to check emissions for tax liability - click to read
  • Will businesses see red over the taxman’s new records checks? - click to read
  • Talks on VAT savings finally underway - click to read
  • PKF's Birmingham office announces promotions - click to read
  • Bumper Year for PKF's Chicken Wings - click to read
  • Back to the future on pension tax relief - PKF Birmingham - click to read
  • 10 top tips for family finances in wake of child benefit announcement - PKF Birmingham - click to read
  • Benefits shake up could lead to fairer income tax - click to read
  • Government crackdown on avoidance to hit offshore account holders who don’t act fast - click to read
  • Birmingham based firm PKF advises on W3 Insights sale - click to read
  • Small companies lose out to pay for big company tax cuts say PKF Birmingham - click to read
  • New Government’s move to increase CGT is first of many tax changes says PKF Birmingham - click to read
  • Boost for students as assets of collapsed training companies sold  - click to read
  • Midlands based company PKF comment as bad news for construction industry sneaked out ahead of the Budget - click to read
  • Medical tax amnesty: the taxman knows where the skeletons are… - click to read
  • Administrators PKF hopeful of Advent rescue - click to read
  • Two Midlands firms set up helpline for training company students and creditors - click to read
  • Due diligence more important than ever advise Midlands based firm PKF - click to read
  • Tax director at Birmingham based PKF (UK) advises to come clean with the Revenue - click to read
  • Tax expert hits the ground running at Birmingham based PKF - click to read
  • More foreign buyers set to move into Midlands - click to read
  • VAT threat to corporate restructuring deals says PKF Accountants - click to read
  • Medics’ tax amnesty is bad medicine say's Birmingham Accountants PKF - click to read
  • Liechtenstein route to significant tax savings is still open - click to read
  • Tax spotlight back on construction industry - click to read
  • Midlands administrators PKF hopeful of selling Easy Fit Roofs and Conservatories - click to read
  • Midlands accountants and business advisors PKF say pre-Budget Report to be more about politics than economics - click to read
  • Birmingham hotels still finding it tough - click to read
  • 200 jobs saved at prize-winning Midlands butchers’ chain - click to read
  • Share incentives may be the way to retain key staff - click to read
  • Postal strikes and tax return deadline could prove an expensive combination - click to read
  • Taxman still getting it wrong - click to read
  • Companies warned to watch for signs of employee fraud - click to read
  • Hard times continue for city hotels - click to read
  • Minefield for Senior Accounting Officers - click to read
  • Tax risk adds to the pain in Spain reports PKF Accountants & business advisers in Birmingham - click to read
  • Offshore investors need clarification from HMRC   - click to read
  • Economic climate affects football clubs across all leagues - click to read
  • Shotgun weddings set to increase says PKF - click to read
  • Double standards of tax amnesty may deter disclosures says PKF - click to read
  • A flipping good idea for everyone - click to read
  • Deal-makers looking to increase in activity by end of 2009 says Midland expert - click to read
  • Midland students to get a taste of accountancy at PKF - click to read
  • Taxing issues for divorcing couples need to be considered says Midlands accountants PKF - click to read
  • Taxman may cry foul over footballers’ schemes says PKF Birmingham - click to read
  • Taxman goes in to bat against sporting chancers warns PKF - click to read
  • Nice 1 Theft Protect fills a gap in auto insurance - click to read
  • The taxman must shout louder says Birmingham accountants PKF - click to read
  • Bonuses have a role for small businesses says PFK accountants - click to read
  • Tax expert calls for ‘joined up thinking’ on capital allowances - click to read
  • Companies should still AIM for investment says PKF corporate finance partner Malcolm Cook - click to read
  • Tax refund delays putting struggling businesses at risk says PKF - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Gillian Davies

    Gillian Davies



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory