Pindar steps in to save Key Personnel
Nottingham based recruitment agency Key Personnel Group has been bought back by its founder Pam Pindar two years after she sold it.
The deal, which saved 20 jobs, was agreed after the business was presented with a winding-up order by HM Revenue and Customs last Friday (5 August) and administrators were called in.
The company's founder, along with two other former directors, Sherrine Swallow and Mandy Hallam, bought the business for an undisclosed sum.
Pindar said she was "shocked" that the business had deteriorated so rapidly.
She said: "When I first learned of the potential insolvency of Key Personnel last week I was appalled. Two years ago the business was sold as an extremely healthy concern – financially stable and reputation intact. Even taking the full effects of the economic downturn into account, I am shocked and indeed angry that it has come to this in such a relatively short period of time.
"Myself and the other new directors of Key Personnel intend to work to re-establish the good name and reputation of the business."
Pindar established the company in 1985. In 2009 she decided to concentrate on PBS UK, her payroll services business, and sold the company to an anonymous duo. In the two years they owned Key Personnel, they racked up debts amounting to £400,000, according to Pindar.
Key Personnel Group has offices in Nottingham, Derby, Newark, Mansfield and Lincoln.
