# Training and Education Group Ltd (07850344)

> Why UK company 07850344 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07850344

- **Status:** Administration ended
- **Administration began:** 2020-07-02
- **Administrators:** Anthony Collier, Ben Woolrych
- **Administrators' firm:** FRP Advisory
- **Formerly:** Progress To Excellence Group Limited; Shellco 125 Limited
- **Incorporated:** 2011-11-16
- **Location:** Manchester
- **Industry:** 70100 Activities of head offices

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses
- Parent or group failure
- Weather / natural events

## From the administrators' statement

The Group had been acquisitive over recent years as part of a broader long-term strategy to increase scale and diversify the business to mitigate a dependency on central Government funding. This led to challenges such as fully integrating the acquisitions into the Group and funding legacy acquisition debt.

The Group underwent a restructure during 2019 and early 2020 to address these challenges and underperformance within the business; with a new Management team put in place and the Administration of another company within the wider Group.

Recent financials are summarised as follows:

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07850344/filing-history/MzI3MzY1MjY5MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07850344

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.