Brighter prospects for RTITB's survival
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
• Administrators Ernst & Young say they are confident they will get the training body RTITI1 Services back on its feet.
elle state-owned RTITB went into administrative receivership in April after reporting losses of 1:6m-29 employees were made redundant. Its Centrex subsidiary, which provides training on behalf of the RTITH was investigated over allegations of
£1 in qualifications fraud.
Last month the administrators persuaded creditors to allow the RTITB to continue trading under administration. Centrex's future remains in doubt, but Ernst & Young's Hunter Kelly believes the RTITI3 will survive. "If we hadn't stepped in, the business would have gone bust and another training organisation would have disappeared," he says.
Another creditor's meeting is due to be held by the end of October.
The administrators' optimism has been welcomed by the Road Haulage and Distribution Training Council, which received up to a third of its £160,000 annual funding from the RT1TB.
Following the HTITH's problems it has received help from the Department for Education and Employment to find other sources of income.
"We've had to slim down and our programme of works has been set hack by 12 months," says RFIDTC general manager Ian Hetherington.