Administrators Deloitte still chasing Transline debts

Administrators of collapsed labour procurer Transline are chasing debts owed by its directors.

Qualitycourse, which traded as Transline Group, entered administration last May ahead of Wirral-headquartered recruitment group Russell Taylor acquiring the labour procurer, after Transline filed a notice of intention (NOI) to appoint administrators in a bid to protect the business.

The Times reports in a progress report posted to Companies House last week that administrators Deloitte said it will “continue to pursue the recovery of the director’s and related company loan accounts”.

The document also reveals that to date, 113 claims from secured creditors have been received, totalling £33.5m, although Deloitte expects the level of unsecured claims will increase and a “significant” creditor claim is still outstanding. However, Deloitte adds it expects the main secured creditor Barclays to be repaid its £9.9m outstanding debt in full.

Administrators Deloitte confirmed outstanding Transline director loan accounts are around £1.3m, with outstanding ‘associated company’ loan accounts of a further £963k.

• Comment below on this story. You can also tweet us to tell us your thoughts or share this story with a friend. Our editorial email is recruiter.editorial@redactive.co.uk

Recruiter MBN’s bid to become plastic free

Data science & analytics, technology and digital staffing specialist MBN is making great strides toward going plastic free.

20 July 2018

Start-up of the Month: Career Cafe Coach

New business coaches jobseekers back into work.

New to Market 20 July 2018

Cielo Talent Rising Summit: Talk more informally to talent to gain trust

The falling level of trust in society between individuals and large institutions and brands means that organisations must change their approach to communicating with talent, says Thimon de Jong, director of Whetston, a consultancy specialising in future human behaviour and business strategy.

20 July 2018

Unemployment falls again with employment reaching record high

The UK’s employment rate has reached a record high, while unemployment has remained at levels not seen since the mid-1970s.

17 July 2018
Top