Leicester-based UK corporate events companies THA Group Ltd has gone into administration.
The move follows swingeing job cuts in THA’s Belgium offices and in the UK earlier in the year. THA Group employs.
KPMG has been appointed administrators for the UK business. THA’s own marketing boasts on its website include the phrases: ‘We call it the THA effect’ and, ‘We deliver the solution’. Now it is KPMG’s Richard Philpott and Mark Orton charged with delivering the solution.
THA also has offices in France and Germany.
THA Group Ltd employed 56 members of staff at its headquarters in Thurmaston, Leicester. Forty-eight have been made redundant with immediate effect.
Established for 17 years, THA Group Ltd provides a range of services to corporate clients including communications, event management, motivational events and business travel.
KPMG’s Philpott says: “The business has been suffering due to the decline in spending in the corporate entertainment sector. Unfortunately it cannot continue to trade in its current format and we will now be exploring options for the company.”
THA Group Ltd’s sister company Quorn Business Travel Ltd continues to trade.