28.11.2019

RSM statement re The Challenge Network (In Administration)

Press release from The Challenge.

Phillip Sykes and Matthew Haw from RSM Restructuring Advisory LLP were today appointed as Joint Administrators by the Board of The Challenge Network (TCN), a registered charity which designs and deliver programmes to bring together people from different backgrounds, working in partnership with government, businesses and local charities. TCN currently delivers a number of programmes including, in particular, NCS (National Citizen Service), a government-backed programme for young people aged 15 – 17 and HeadStart, a programme designed to bridge the gap between education and employment.

The Administrators will be updating employees, creditors and other stakeholders during the course of the next few days.

All interested parties are invited to contact the Administrators at RSM Restructuring Advisory LLP, 25 Farringdon Street, London EC4A 4AB, tel no: 020 3201 8000 or at restructuring.london.core@rsmuk.com

-ENDS-

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RSM is a leading audit, tax and consulting firm to the middle market with nearly 3,800 partners and staff operating from 35 locations throughout the UK. For the year ending 31 March 2018, RSM generated revenues of £314m. RSM UK is a member firm of RSM International – the sixth largest network of audit, tax and consulting firms globally. The network spans 116 countries, 750 offices and more than 41,000 people, with a fee income of $5.4bn.