The Retail Motor Industry Federation Acquires ReMIT from Carter & Carter
Carter & Carter’s non-manufacturer apprenticeship programmes are purchased by the RMIF
The Retail Motor Industry Federation (RMIF) has acquired the Apprentice Learning Division from the Carter & Carter Group PLC. The organisation established a new company, ReMIT Ltd, using the previous name, to take control of Carter & Carter’s former non-manufacturer apprenticeship programmes after it went into administration back in March.
Alec Murray, RMIF Chairman, said: “The RMIF decided to re-establish ReMIT because the provision of motor vehicle apprenticeships is so vital for the future of the retail motor sector. This was under threat following the collapse of Carter & Carter. More pressingly, there was a possibility that many current motor vehicle apprentices would be unable to complete their training.”
Carter & Carter had previously acquired ReMIT for £25.5m when it was the biggest motor vehicle apprentice training organisation in the UK. The name ReMIT was subsequently dropped and, along with EMTEC, the business was integrated into Carter & Carter’s training organisation for motor vehicle apprentices.
Mr Murray added: ‘ReMIT is fully operational and now that the transaction has been agreed with the Administrators of Carter & Carter and the LSC, it will make communication with existing employers, learners and colleges a priority.’
Carter & Carter went into administration with Deloitte last month after it failed to negotiate a bailout with its banks. Nick Dargan, Dominic Wong and Chris Farrington were appointed on 11 March 2008 to work with its management team to try and turn the company around. Since then, the majority of the group’s operations have been purchased by Newcastle College.
The Chair of the College, Jamie Martin, said: “This is a great opportunity for Newcastle College to deliver its excellent practice on a national scale and cement our standing as a major provider of work based learning, training and development. The Governors and Executive are extremely excited at the opportunities this acquisition gives us to further our strategy of becoming the training provider of choice for business.”
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