Feeds

Xpertise snaps up John Bryce Training

What about the customers?

  • alert
  • submit to reddit

Xpertise, the UK IT training firm, has snapped up assets of John Bryce Training from the receivers.

It's paying £190,254 for the "goodwill, intellectual property rights, customer contracts and some fixtures, fittings and other assets from John Bryce, free of all debt and liabilities".

However, Xpertise CEO Bob Bradley says the company is to help customers who paid for JBT training courses and haven't received training.

"The first thing which a customer of John Bryce should do is call us. Under our deal with the receivers, we have not acquired John Bryce's debt and have no obligation to fulfil those orders. However, we recognise that some customers have been left high and dry - we will, of course, work constructively with them to find a solution to their difficulties. Any John Bryce customers with outstanding training requirements should give us a call on 0845 757 3888, so that we can understand their situation and begin to work with them to resolve it. I believe that, in most cases, we will be able to offer continuing customers the option of substitute places on our own new or existing course schedule."

The company notes that JBT turned over £7.7m in the year to December 31, but it says there has been a "signicant decline" in turnover since then. The receivers were called in on July 19.

In the recent THE TOP 50 UK IT TRAINING PROVIDERS - 2002 league table, Xpertise ranked 31 with sales of £4m. The company reported a pre-tax loss of £1.57m on sales of £5.28m in its most recent results ended March 31, 2002.

Xpertise operates training centres in Altrincham, Washington and Leicestershire. JBT has offices in London, Oxford, Birmingham and Coventry.

All in all, the JBT collapse has worked out well for Xpertise. The company already had a relationship with JBT, which supplied the southern bit of its own training network. It retains a national network, through the JBT asset takeover, and it's retained it cheap.

Related story, link

Xpertise press release
John Bryce Training goes tits up

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.