Irwin Mitchell Advises On Deal
Sheffield-based PK Education Ltd has been acquired by Einstein Recruitment Ltd after being placed into administration.
Kris Wigfield and Joanne Hammond and of Begbies Traynor in Sheffield were appointed as joint administrators on 30th August 2019.
Tom Paton, restructuring and insolvency partner at law firm Irwin Mitchell, with support from solicitors Hal Roberts and Anastasija Kozlova, advised Begbies Traynor on the deal.
Tom Paton of Irwin Mitchell said: “This is a really positive outcome for PK Education and we are delighted to work with the joint administrators on this deal and help secure the business’ future and safeguard 30 jobs here in Yorkshire and further afield. There are huge opportunities for the company and we wish the management team well for the future.”
With its head office in Sheffield, supply teaching agency PK Education also had offices in Leeds, Manchester, Birmingham, Nottingham and Newcastle upon Tyne. Established in 2006, the business supplied candidates for a wide selection of teaching assistant and teaching jobs in primary and secondary schools throughout the UK.
The sale saw Einstein Recruitment acquire all of the assets as well as retaining the 30-strong workforce. Following the sale, the business will continue to trade as PK Education.
Joint administrator Kris Wigfield said: “It’s always good news for creditors, suppliers and staff when a business is saved and is able to continue trading. It is now on a more secure footing going forward.”