45 recruiters made redundant as Kinsey Allen goes into administration

24 May 2011

1 minute read

45 recruiters made redundant as Kinsey Allen goes into administration

Kinsey Allen, the financial services-focused search firm which merged with GRS in 2009 and opted for a pre-pack in June 2010, has gone into administration again.

KPMG confirmed this afternoon that they've been appointed as administrators after the company experienced "trading difficulties."

45 of 50 employees have been made redundant. The remainder are helping the administrators collect debts and sell assets. Neither the Brighton nor the London offices were answering the phone when we called this afternoon.

Ex-Kinsey Allen consultants say they've been dismissed without receiving their salary for May, redundancy pay, or a quarterly bonus which was due to be paid at the end of this month.

"Some people were owed an 80k bonus at the end of this week," says one former employee. "Now they're going to have to join the queue with the rest of the creditors."

The company was understood to be in discussions with other financial services headhunters to sell all or part of the business, but the discussions appear to have come to nothing.

Ken Brotherston, CEO of Kinsey Allen, declined to comment.

AUTHORSarah Butcher

Global Editor

Tu
Turnitoffandonagain
26 July 2011
This explains why the doors have been locked every time I've tried to get into the office over the last 6 weeks. I thought they'd moved and not told me.
Reply
No
Nollie
9 July 2011
Leanrnig a ton from these neat articles.
Reply
Bo
Boleyn
7 June 2011
great effort one and all
Reply
mo
move on guys
6 June 2011
I was one of the people who escaped early enough to avoid that crash. I wish i had jumped from the GRS/KA sinking boat even earlier, like some did just months after new management came in (2008). For my part, that guy on top (who might we be talking about?...) has a total like of charisma and leadership. Decisions were taken opaquely and problems spotted months after it was too late. Not to mention the arrogance and disregard for what made the initial success of GRS: drive, team spirit, dedication for the job.
Reply
Pl
Plant Niche
29 May 2011
I was a supplier for GRS and later for KA for over 8 years and I had an unforgettable expirience and a great journey with the company. The name and the market might have changed but the culture have never changed and there was a great focus on it. If only could more companies adopt the same culture as KA. It is indeed disapointing realizing that the brand is disapearing and the people involved will no longer be part of the game as such but lets be honest sometimes non of us can manage to keep science or theory, practice and reality in the same dimension and I deeply believe that in this case it is exactly what has happend. Good luck to everyone from KA.
Reply