Reading: KRE Corporate Recovery appointed administrator

Reading-based recovery practice KRE Corporate Recovery has been appointed as administrators over TLE, a leading provider of pre-employment training. 

TLE, based in Harrow, Middlesex, delivers basic-level qualifications and progression routes to employment for around 15,000 learners per annum from eight locations.

KRE Corporate Recovery's Paul Ellison commented: “We are delighted to announce that the sale of the business, excluding certain contracts, was concluded immediately following our appointment to a subsidiary of Learndirect, and all 230 employees have transferred to the purchaser.

"All of the company’s locations will remain open and this is an excellent demonstration of why pre-packaged sales from administration will continue to have a place in rescuing businesses.”