bankruptcy

Carter & Carter enter administration

Update 26/3 - Sold!

Carter & Carter, who have been in trouble for the past year or so, have gone into administration. The restructuring announced here didn't work out. Unlike Instant Muscle, they are apparently committed to meeting their financial obligations, including on staff pay.

Guardian report - http://www.guardian.co.uk/business/2008/...

Instant Muscle in administration

Instant Muscle has gone bankrupt, resulting in the closure of their delivery sites across the country. The entire workforce of over 200 was made redundant on February 28th without notice or pay, and many are interviewing for positions with competitor companies.

According to rumour their Pathways to Work contract in Surrey and Sussex is being transferred, with the new deliverer being announced within the next couple of days. However, no official announcements have been made by the DWP concerning Instant Muscle or the fate of its contracts at the time of writing.