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Prospects acquires Gabbitas

publication date: Jun 1, 2008
author/source: Ed Tranham

These are interesting times at Prospects Services – the not for profit education support services provider set up by Ray Auvray. First Vincent McDonnell took over as MD and Ray Auvray stepped up to become executive chairman. This coincided with four directors stepping down from the company’s main board. Then in May, Prospects acquired control of Gabbitas Educational Consultants, the independent sector consulting specialist, from Peter Brown for an undisclosed price.

The pace of change at Prospects seems to have gone up a gear or two. Does this signal a new strategy from Ray Auvray, perhaps even a change in company status? Any change to the status of the company, including investment from a private equity company or placing on AIM, will need to address the £8.5m pension deficit reported back in June 2007.


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