Administrators agree deal to save hundreds of jobs
A deal has saved 238 jobs at Key Forensic Services after the business had been kept alive in administration for five weeks.
The business, with sites in Coventry, Warrington and Norwich, has been sold as a going concern although the identity of the buyer has not yet been disclosed. Administrators had previously made 17 redundancies
Mazars’ Scott Bevan, who was appointed as joint administrator with Simon Chandler in January, said: “The business attracted a high level of interest and we are delighted that a sale has been achieved that saves the jobs of 238 staff and preserves the diversity of the forensic market place.”
Key Forensic Services was launched at the University of Warwick Science Park in 2005. The £15m-turnover business moved into new headquarters at the Vanguard Centre at the science park in 2013 but ran into financial trouble when it sought to expand.
Stakeholders reached an agreement with the administrators when they were appointed in late January to ensure a period of stability and minimise the impact on the criminal justice system and ongoing cases, and help to protect evidence in live criminal cases.