IT training firm goes titsup
School's out for....
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Tech training firm Advent Computer Training has been forced to cease trading, leaving its students in limbo.
With headquarters in Worcestershire, Advent provided Microsoft Certifed Systems Engineer qualifications and other courses. Such courses typically cost several thousand pounds, and students are often trying to change career and so are short of money. If a saviour is not found for Advent a lot of people are going to be left out of pocket.
But an announcement on its website apologises to students and says administrators are being appointed.
Advent said:
It is with regret that having tried our very best we have been unable to secure ongoing funding for the company and accordingly as matters currently stand we are unable to continue to provide your training.Arrangements are being made for an insolvency practitioner to be appointed and you will be hearing from them in due course.
Late last year Advent was celebrating being one of only ten training companies asked to join the Computer Technology Industry Association (CompTIA)'s channel authorised partner programme at platinum level. ®
COMMENTS
I Dream a Dream
I dream a dream...of being a techy guy (or girl), of earning £35K min pa (is that net or gross?), with my MS cert (can I get an Apple one) and experience of playing WoW on my brothers lappy!
Its the dream being sold to the unwary.
Also the sister training company Access2Trade - which trains plumbers and electricians, has gone under.
I have looked into this and its Anglo Capital Limited, the financing company behind the training companies, thats had its financial agreement withdrawn by Barclays. Various banks seem to be drawing in on agreements, made during the boom years, before the end of this financial year. Those companies who rely on loan and overdraft agreements during slack periods are suffering. One trick ponys such as private training companies are in dire strights. Personaly, I have had a few shocks over the last couple of months due to simmiler restructuring of agreements! B@stards!
Wonder what other shocks will hit during the next 12 months - even though we are out of recession now - lol.
As Usual
The small person gets boned.
Insolvency in this country is too easy, go bankrupt today, set up new company tomorrow, or thats how it seems
They won't be the last
With all the offshoring going on, the random slashing cuts to IT depts, the hundreds of out-of-work experienced techs going up for any contract available, and the worse-than-usual despicable attitude to us techies from management............. i recommend to everyone i can to give this industry a WIDE fucking berth, never mind training up for it (training that is only relevant as long as the product is too).
Not to mention the fact that many personal development schemes, which pay for this kind of stuff via your employer, all got canned last year during the belt tightening. Got to pay for the CEO's company car somehow.
With no employers paying the £3000-minimum per course, and no-one sane paying to get bored shitless for a week, they're all fucked.
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