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Less of the sink, more of the swim
Transline, the recruitment agency embroiled in the Sport’s Direct warehouse scandal, is on the brink of administration.
The Transline Group, which turned over almost £230million in its latest accounts, filed a notice of its intention to appoint administrators – Sky News reports.
The company has said it is ‘close to securing inward investment’ and has just days to raise money to keep it afloat. A key contract with Amazon was cancelled last month which is understood to be a factor behind the firm’s decline.
Since, it has emerged that Transline appointed KPMG advisers to seek new capital for the business.
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