Pera Technology Solutions enters administration
Pera Technology Solutions (PTS), the Melton Mowbray consultancy firm which was set up just six months ago after a management buy-out, has fallen into administration.
Duff & Phelps has been called in to the business.
The move comes after PTS was set up by a management team led by chief executive Paul Tranter bought the company out of administration in April, saving some 80 jobs.
It’s predecessor Pera Technology, which was established in 1946 to try and stimulate activity in post-War Britain, entered administration owing £9.5m. In June its creditors were offered 1.24p for every pound they were owed.
Last month, TheBusinessDesk.com received several calls informing us that PTS had entered administration after another one of the Pera “family”, Pera Consulting, axed 45 jobs after being placed into administration. However, despite repeated efforts to contact PTS we couldn’t confirm the news until it became official yesterday (3 October).
PTS is the third Pera firm to be placed into administration this year, with Pera Management Services being wound up in March.
Duff & Phelps were unavailable for comment this morning.
More to follow