Thursday, June 12, 2008
Remit boss wants early revival
Remit hopes to begin training franchised dealers’ apprentices by the end of the year.
But the first priority is to stabilise the business, said chief executive Rob Foulston.
The Remit brand was relaunched by the RMIF after it bought back the apprentice learning division from administrators for Carter & Carter for £62,500.
The deal was spearheaded by Foulston, who owns an education publishing business, Education & Media Services, and the awarding body ITEC.
As a former insolvency specialist at Deutsche Bank, he was interested in Carter & Carter’s demise and contacted RMIF finance director Kevin Waterman through a friend.
Foulston, now a minority shareholder in Remit, said there were other bidders for the motor apprentice operation, including a consortium of colleges.
Having only had the business for six weeks, Foulston said he thinks it is already profitable – and he has told the RMIF board as much.
The operation is currently around a third of the size it was when the RMIF sold it for £25.5m to Carter & Carter two years ago. Author: Tim Rose
Remit hopes to begin training franchised dealers’ apprentices by the end of the year.
But the first priority is to stabilise the business, said chief executive Rob Foulston.
The Remit brand was relaunched by the RMIF after it bought back the apprentice learning division from administrators for Carter & Carter for £62,500.
The deal was spearheaded by Foulston, who owns an education publishing business, Education & Media Services, and the awarding body ITEC.
As a former insolvency specialist at Deutsche Bank, he was interested in Carter & Carter’s demise and contacted RMIF finance director Kevin Waterman through a friend.
Foulston, now a minority shareholder in Remit, said there were other bidders for the motor apprentice operation, including a consortium of colleges.
Having only had the business for six weeks, Foulston said he thinks it is already profitable – and he has told the RMIF board as much.
The operation is currently around a third of the size it was when the RMIF sold it for £25.5m to Carter & Carter two years ago.
DATED: 12.06.08
FEED: AM
But the first priority is to stabilise the business, said chief executive Rob Foulston.
The Remit brand was relaunched by the RMIF after it bought back the apprentice learning division from administrators for Carter & Carter for £62,500.
The deal was spearheaded by Foulston, who owns an education publishing business, Education & Media Services, and the awarding body ITEC.
As a former insolvency specialist at Deutsche Bank, he was interested in Carter & Carter’s demise and contacted RMIF finance director Kevin Waterman through a friend.
Foulston, now a minority shareholder in Remit, said there were other bidders for the motor apprentice operation, including a consortium of colleges.
Having only had the business for six weeks, Foulston said he thinks it is already profitable – and he has told the RMIF board as much.
The operation is currently around a third of the size it was when the RMIF sold it for £25.5m to Carter & Carter two years ago. Author: Tim Rose
Remit hopes to begin training franchised dealers’ apprentices by the end of the year.
But the first priority is to stabilise the business, said chief executive Rob Foulston.
The Remit brand was relaunched by the RMIF after it bought back the apprentice learning division from administrators for Carter & Carter for £62,500.
The deal was spearheaded by Foulston, who owns an education publishing business, Education & Media Services, and the awarding body ITEC.
As a former insolvency specialist at Deutsche Bank, he was interested in Carter & Carter’s demise and contacted RMIF finance director Kevin Waterman through a friend.
Foulston, now a minority shareholder in Remit, said there were other bidders for the motor apprentice operation, including a consortium of colleges.
Having only had the business for six weeks, Foulston said he thinks it is already profitable – and he has told the RMIF board as much.
The operation is currently around a third of the size it was when the RMIF sold it for £25.5m to Carter & Carter two years ago.
DATED: 12.06.08
FEED: AM
