James Lumb and Howard Smith from KPMG’s Restructuring practice were appointed as joint administrators to training provider i2i
James Lumb and Howard Smith from KPMG’s Restructuring practice were appointed as joint administrators to training provider Inspire 2 Independence Limited (i2i) on 29 April 2019.
Founded in 1994, the York-based business provided employability and apprenticeship programmes through its 13 learning sites across the Midlands and North of England. i2i employed 100 staff and worked with over 2,000 learners.
The joint administrators have worked with prime contractors to ensure the smooth transfer of current learners and the continued delivery of the learning programmes.
As part of the transfer of contracts, 31 members of staff have transferred to prime contractors. The remaining 69 members of staff have been made redundant.
James Lumb, Director at KPMG and Joint Administrator, said: “The financial challenges facing the learning sector have been well documented as providers battle low margins and intense competition. i2i faced significant commercial pressures and so – after exploring all other options - the difficult decision was made to close the business. We are working with prime contract providers to transfer students to appropriate courses.
“Our team is on site to support the affected staff through the redundancy process and make claims to the Redundancy Payments Service.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 16,300 partners and staff. The UK firm recorded a revenue of £2.338 billion in the year ended 30 September 2018. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and has 200,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.