Carter & Carter
From Wikipedia, the free encyclopedia
Carter & Carter Group plc is a British based company that provides outsourced training services and apprenticeships on behalf of various international companies and UK government organisations, such as the Learning and Skills Council.
Established by Phillip Carter in 1992, the company employs 500 people and has its headquarters in Ruddington, Nottinghamshire, England, with offices in Australia, Germany and Japan.
Following the death of founder Philip Carter in a helicopter accident on May 1, 2007, the company's shares were suspended on the London Stock Exchange.[1] On October 3, 2007, shares were suspended over the uncertainty of their financial position [2] [3].
In early March 2008, Carter & Carter entered into administration after it failed to reach agreement with its banks over a financial restructuring. [4] [5]. Near to the end of the month, Newcastle College bought the majority of the company. [6]
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[edit] History
- 1992 - Established by Phillip Carter as an outsource provider of accident repair services
- 1997 - Wins Audi Academy contract in UK, establishing company in training and learning sector
- 2001 - Bridgepoint Capital invests in the business
- 2003 - Acquires the EMTEC Group, an established automotive training company [7]
- 2005 - Acquires The Automobile Association technical training services group. Initial IPO launched in February. In September acquires ASSA, a provider of UK Government training in food manufacturing and engineering
- 2006 - Acquires Fern Group, a provider of training to unemployed and disabled people under Jobcentre Plus' ‘New Deal’. In March acquires ReMIT, the second largest apprentice training provider in the motor industry, bringing the total number of learners managed in the automotive retail sector to over 12,000. In December, acquired the training division of Quantica, NTP Ltd and IMS (UK) Ltd
- 2007 - After the death of Phil Carter, the company enters a period of uncertanty. Contracts with manufacturers and contractors are ended and a huge proportion of the companies workforce are made redundant.
- 2008 - Carter & Carter enter into administration in March.
[edit] Phillip Carter
Phillip Carter (May 16, 1962 - May 2, 2007), founded Carter & Carter in 1992 after a career in sales and marketing at Imperial Chemical Industries, including being the European Business Development Manager of the Paints Division.[8] Carter was named Entrepreneur of the Year at 2007's PLC Awards. [9]
A lifelong Chelsea fan, Carter was an honorary Vice President of the club.
On May 1, 2007 he attended the UEFA Champions League semi-final second leg at Anfield against Liverpool. His jointly owned Twin Squirrel helicopter left Liverpool John Lennon Airport at 23:00 for Thornhaugh, Lincolnshire where Carter lived with his wife Judith and two children. The helicopter last made radio contact two hours later. On the morning of May 2, the Cambridgeshire Constabulary found the virtually intact wreckage at woods in Kings Cliffe, near Wansford, Peterborough. The helicopter was piloted by Stephen Holdich, co-owner of operating company Atlas Helicopters, who had piloted Carter over 70 times in the past four years. The other occupants were believed to be Carter's son Andrew aged 17, and his lifelong friend Jonathan Waller.[10]
[edit] References
- ^ BBC NEWS | England | Wealthy fan and son die in crash
- ^ Carter & Carter shares suspended - Business - News - Manchester Evening News
- ^ Carter & Carter shares suspended on warning - Telegraph
- ^ FT.com | England | C&C appoints administrators after talks fail
- ^ FT.com | England | Carter & Carter in administration
- ^ FT.com | Carter & Carter sell-off bucks trend
- ^ Carter & Carter International Acquires EMTEC Group
- ^ Group Executive
- ^ http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/05/02/bcncarter02.xml
- ^ BBC NEWS | England | Wealthy fan and son die in crash
