More than 3,000 jobs have been saved at Intelligent Protection Management Group after a buyer was found for the Yorkshire business.
Intelligent Protection Management Group is a multi-service security, facilities management and stadium management organisation, with more than 200 employees in South Yorkshire along with a workforce of more than 3,000 casual workers throughout the country.
The company, formed in 2006, has clients from the public and private sectors, including councils, football clubs, the NHS, high street retailers, the catering and hospitality industry, social housing schemes and the leisure industry.
Danielle Shore and Ryan Holdsworth from the Sheffield office of insolvency and business turnaround specialists Leonard Curtis were appointed joint administrators of the company and have now confirmed that a buyer has been found for the business, securing all jobs. The identity of the buyer has yet to be revealed.
Ms Shore said: “This is a great result for the company and for the region’s economy and we are particularly delighted that jobs have been saved now that the company’s future has been assured. By recognising the warning signs and seeking professional advice, IPM safeguarded an extremely successful business and ensured its continued success despite some unexpected challenges.
“We are pleased that such a positive outcome has been reached and wish the new owners every success as they take the business forward.”
The administrators were supported by the legal team at Irwin Mitchell and the purchaser was represented by MD Law.