Merseyside training business PFL Limited in administration

Merseyside training firm, PFL Limited, has entered administration with the appointment of Stephen Clancy and David Whitehouse of MCR in Manchester.

The company was set up in 1999 as a division of the charity Partnership for Learning, and assists in the training and development of staff at Jaguar Land Rover, Eli Lilly and Novartis, as well as teaching local residents new job-related skills.

It was sold to a new company PFL Centre of Excellence, owned by venture capitalist Amin Amiri's investment firm A4E, in September last year, and has now entered administration though it is trading as normal.

The administrators say of the company's failure: "A corollary of factors led to the company's financial position becoming untenable and the subsequent appointment of joint administrators."

They continued: "...the joint administrators are hopeful that a going concern sale of the business and assets will be achieved shortly."

PFL's latest recorded accounts for the year to July 2008 reveal that its liabilities exceeded its assets by £1.32m, and owed £925,000 to its charity parent. At the time, the charity raised concerns over PFL's future, saying that it was "in financial difficulty".

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