Administrators fail to find a buyer for work charity BXL
ADMINISTRATORS have failed in their bid to find a buyer for Birmingham-based education business partnership BXL.
The remaining 26 staff who had been kept on after administration have now been made redundant.
Tony Barrell, Matthew Hammond and Ian Oakley-Smith, of PwC had been hopeful of finding a buyer for the organisation, which fell into administration last month, but have been unable to secure interest.
A statement issued of behalf of PwC said: “It has not been possible to find a buyer and all employees have been made redundant.”
The intention had been to try and preserve as many jobs as possible to support the ongoing work of the organisation, which offered young people in Birmingham and Solihull vital work experience.
The charity, which had a turnover of approximately £1m, had a long history in the education sector supporting 20,000 young people in the West Midlands per annum.
It fell into administration after failing to combat an inherited pension deficit and cuts to Government funding.
John Ling, former chief executive of BXL, said last month that the closure was another blow to young people who potentially would no longer have access to essential work placement opportunities, work related learning and links with the region’s business community.
