Precision Training
UK Limited
Aspire Training and Assessment Ltd
Petitions to wind up two companies that offered NVQ training
courses were presented to the High Court on 18 February 2010. This
follows an investigation carried out by Company Investigations of
the Insolvency Service under Section 447 of the Companies Act 1985
(as amended).
Precision Training UK Limited and Aspire Training and Assessment
Ltd, received training fees from over 1,000 students and their
sponsors, a large number of students being from outside the UK.
Precision was based at a main office in Burnham, Berkshire, and
operated nationwide.
The role of the provisional liquidator is to protect assets in
the possession or under the control of the companies pending the
determination of the petitions. The provisional liquidator also
has the power to investigate the affairs of the companies insofar
as it is necessary to protect assets including any third party or
trust monies or assets in the possession of or under the control
of the companies.
The cases are now subject to High Court action and no further
information will be made available until the petitions are heard
in the High Court on 19 May 2010.
Notes to Editors
1. The registered office of Precision Training UK Limited is at
60 – 62 High Street, Burnham, Berkshire, SL1 7JT, which is the
former trading address of that company. The registered office of
Aspire Training and Assessment Ltd is at 889 Harrow Road, Sudbury,
Middlesex, HA0 2RH.
2. The petitions were presented under s124A of the Insolvency Act
1986. The Official Receiver was appointed as provisional
liquidator of the companies on 18 February 2010.
3. The Insolvency Service carries out confidential enquiries on
behalf of the Secretary of State for Business, Innovation and
Skills through Company Investigations of the Insolvency Service.
4. The Insolvency Service administers the insolvency regime
investigating all compulsory liquidations and individual
insolvencies (bankruptcies) through the Official Receiver to
establish why they became insolvent. The Service also authorises
and regulates the insolvency profession; deals with
disqualification of directors in corporate failures; assesses and
pays statutory entitlement to redundancy payments when an employer
cannot or will not pay employees; provides banking and investment
services for bankruptcy and liquidation estate funds; and advises
ministers and other government departments on insolvency law and practice.
5. Specific information about the company, including contact
details in the Public Interest Unit can be viewed here:
http://insolvency-service.co.uk/viewpiucasedetails.asp?companyname=Precision%20Training%20UK%20Limited
6. Further information about the work of The Insolvency Service
is available from http://www.insolvency.gov.uk
7. Media Enquiries should be directed to: Lynne Nasti, Press
Office Manager, Insolvency Service, 21 Bloomsbury Street, London,
WC1B 3QW or Ade Daramy, Press Officer.
Ins/Coms/CI/78
Contacts:
Ade Daramy
Phone: 020 7596 6187
ade.daramy@insolvency.gsi.gov.uk
Lynne Nasti
Phone: 020 7674 6910
lynne.nasti@insolvency.gsi.gov.uk