Site Search
December 2018 edition


Not a subscriber?
To request a Two-Issue Free Trial email your details to: subs@theassignmentreport.com
The Assignment Report Events

Making a difference - Maximising learning outcomes and improving workflow in schools

14 February 2019, 13.45 to 17.45, Ironmonger's Hall, London

Confirmed panellists include: Steve Burnett, Managing Director, RM Education; Andrea Carr, Founder of Rising Stars; Paul Charman, Managing Director, FFT Education; Richard Marett, CEO, Whizz Education; Amanda Peck, Executive Director Marketing, Professional Group, McGraw-Hill Education; Josh Perry, Director, Assembly; Ian Rowe, Business Development Director, GCSEPod; and, Dan Sandhu, CEO, Sparx.

Paul Howells (CEO, Eteach Group), Julian Drinkall (CEO, AET) and Rupert Barclay (Managing Partner, Cairneagle)


Where next for Carter and Carter?

publication date: Mar 2, 2008
 | 
author/source: Ed Tranham
Print

The future continues to look bleak for Carter and Carter despite recent shareholder approval to extend the troubled company’s borrowing limits. Twelve months ago, net indebtness at C&C was £86m. Today it is £129m and is expected to peak at £175m before the end of C&C’s financial year in July 2008. Conversations are continuing with C&C lenders to restructure the business – an announcement is due in a week or so.

At the same time the accounts for the year ending 31 July 2007 remain to be finalised as external lawyers continue to investigate the company’s funding claims to the Learning and Skills Council for the same period. Substantial write-downs of goodwill are expected, questioning the merit of C&C’s acquisition policy.

C&C’s shares have been suspended since October and unless the company’s lenders come up with a realistic rescue package it is unlikely the shares will ever be re-listed. And it was only 12 months ago that C&C offered 725p per share to acquire BPP.

www.carter-and-carter.com


Copyright Meissa Limited 2005-2018