TSL Training Solutions Ltd (11321370): administration
- Status
- Administration ended
- Administration began
- 2020-07-02
- Administrators
- Anthony Collier, Ben Woolrych
- Administrators' firm
- FRP Advisory
- Formerly
- CTSL Holdings Limited
- Incorporated
- 2018-04-20
- Location
- Manchester
- Industry
- 64209 Activities of other holding companies n.e.c.
Why it went into administration
- Rising costs / inflation
- Funding withdrawn / unable to refinance
- Loss of a key customer, supplier or contract
- Sustained trading losses
- Regulatory change or action
From the administrators' statement
The Group was a provider of education and training services throughout England and was founded in 1997 comprising of the following holding company entities:
Progress To Excellence Holdings Limited - incorporated on 21 March 2018; Progress To Excellence Group Limited — incorporated on 16 November 2011; Innovative Alliance Holdings Limited - incorporated on 28 June 2018; and CTSL Holdings Limited - incorporated on 20 April 2018.
"The main assets of the above holding companies are the shares in the fllowing - trading companies:
Administrators' statement of proposals (2020-07-23) · Companies House register