FMJ Facilities Management magazine providing industry-specific intelligence to FM and property professionals
More than 3,000 jobs have been saved at multi-service security, facilities management and stadium management organisation, Intelligent Protection Management (IPM) Group, after it was bought out of administration.
Joint Administrators, Danielle Shore and Ryan Holdsworth from the Sheffield office of insolvency and business turnaround specialists Leonard Curtis, have confirmed that a buyer, whose identity has not been revealed, has been found for the business and that all jobs have been secured.
Launched in 2006, Sheffield-based IPM Group employs over 200 staff in South Yorkshire along with a workforce of more than 3,000 casual workers throughout the country. Its clients come from both the public and private sectors and include councils, football clubs, the NHS, high street retailers, the catering and hospitality industry, social housing schemes and the leisure industry.
Shore said: “This is a great result for the company and for the region’s economy and we are particularly delighted that jobs have been saved now that the company’s future has been assured.
“By recognising the warning signs and seeking professional advice, IPM safeguarded an extremely successful business and ensured its continued success despite some unexpected challenges.
“We are pleased that such a positive outcome has been reached and wish the new owners every success as they take the business forward.”
The Administrators were supported by the legal team at Irwin Mitchell and the purchaser was represented by MD Law.
