THA puts Belgium office into administration

Redundancy is possible for THA's Brussels-based staff

THA Group chairman Kevin Ingram: Belgium office put into administration
THA Group chairman Kevin Ingram: Belgium office put into administration

THA Group has put its Belgium business into administration following a series of failed attempts to improve its financial position.

Two rounds of redundancies were made earlier this year in response to a "major decrease" in client business in 2009, said THA Group chairman Kevin Ingram.
 
The remaining 15 Brussels-based staff may face redundancy while administrators examine the business' financial position.

THA UK, which employs more than 90 staff in Leicestershire, is a separate legal entity and is therefore not affected by the changes in Brussels, said Ingram.

The UK business will support the administrator in servicing the Brussels office's ongoing client commitments where possible.
 
"After over 15 years in business, I am sorry to announce the company's current position in Belgium," said Ingram. "We have looked at a number of financial options but unfortunately they have not proved to be viable at this time".
 
He added: "I would also like to take this opportunity to thank our Belgian clients, suppliers and staff for their support and loyalty in what is an incredibly difficult trading climate."

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