KPMG appointed administrator of THA Group

Decline in corporate spending behind move into administration

KMPG appointed administrator of THA Group
KMPG appointed administrator of THA Group

KPMG has been appointed administrator of the THA Group and Thomas Hannah & Associates.

Joint administrator and KPMG partner Richard Philpott said: "The business has been suffering due to the decline in spending in the corporate entertainment sector. Unfortunately, it cannot continue to trade in its current format and we will now be exploring options for the company."

Philpott confirmed that 48 of THA Group's 56 staff have been made redundant with immediate effect.

THA's Belgium office went into administration last month.

THA Group's sister company, Quorn Business Travel, continues to trade.

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