300 jobs saved at Elmfield Training as company gets bought out of administration

More than 300 jobs have been salvaged as a training company in Warrington has been bought out of administration, a news report in the local media has revealed.

The majority of the business and assets of Elmfield Training, excluding a contract with Morrisons, was sold to EQL Solutions Ltd, a subsidiary of CareTech Holdings. The Morrisons contract, on the other hand, is likely to be taken over by another provider, along with approximately 50 additional staff associated with this contract.

Beside salvaging the 300 jobs, this decision also helped the company maintain continuity of service for around 5,700 people currently enrolled on Elmfield’s training programmes. Elmfield said last week it was on the brink of administration and had "taken steps" to protect the business through an insolvency process.

Dan Smith of Deloitte, one of the joint administrators of the company, 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.”

"Following the successful sale to EQL Solutions, the core business and all the employees can move forward."

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