After the events of the last 6 months, where does it leave you and your training business, and what are your options?

You may have seen our recent piece in FE News – www.fenews.co.uk/featured-article/consolidation-of-training-providers-13825

The shambles of the last 6 months RoATP/ITT Tenders/Funding Allocations have left many providers in a precarious position.

It is a very worrying time for many Directors and Owners of training businesses. We know how painful this is and we are ready to help – we have vast experience in business management and turnarounds and believe that if you act quickly you can re-invent and REVIVE your business. We do have Chartered Accountancy capability within our team but this is so much more than Accountancy advice.

Project Revive from the Leadership Team will help you:

  • Explore your viability and future options as a business
  • Assess your capability and capacity to survive
  • Take a reality check on your financial position
  • Help with downsizing if necessary
  • Help you acquire, merge or partner with other companies if practical
  • Help you transform from being a Funding business into a Commercial Business, not reliant on future funding

If we do not think your company is viable or can survive we will advise you of the best way to close the business in an orderly fashion in your own time and with you in the driving seat.

There is no time to waste. Please call your Leadership Team contact or email projectrevive@leadershipteam.info for DAY 1 – The Diagnosis.

There is a lot of interest in buying and selling private training providers at this moment in time. Here are some of the providers we are working with that would consider a sale.

9/2017 – Apprenticeship Provider Midlands

Sub Contractor, £250k turnover

Wants to become part of a larger organisation

 

11/2017 – Prime Provider Midlands

Turnover £4m, Apprenticeships and Learner Loans

 

12/2017 – Advanced Learner Loan Provider – North

Turnover £600k

Also has Apprenticeship sub contracts

Opportunity for growth case on ALL contract

 

13/2017 Sub Contractor – North

£4.5m turnover – all sub contracts

Good mix of ESF, ALL, AEB and Apprenticeships

 

There are also 2 ROTO approved and 3 RoATP approved companies where little or no trading has taken place where the owners will consider a sale.

 

If you would like to express your interest in purchasing any of these businesses or would like us to list your business for sale please email our Managing Director David Kitchen

at david.kitchen@leadershipteam.info and this will be treated in the strictest confidence.

The impact of the (unnecessary) RoATP process and the resultant pausing of the ITT tender raised a “common sense prevails” cheer from the ‘establishment’ of colleges and large contract holders. A ‘get out of jail free’ for many organisations who had not recognised the extent of the impending changes or adapted their business models to suit.

However, the contract extensions given for 2017 are less than expected and will still have a negative impact on those expecting apprenticeship growth.

Especially hard hit is a whole group of “sub-contractors” – ones that have built good businesses, ready for change, with excellent employer relationships and good data/quality systems that they have invested in ready to become ‘primes’ in their own right. Deferment of this contract is a real blow to this group of providers and could leave their businesses exposed to a considerable risk – quite possibly many of these good companies may go to the wall as a result.

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