Family Support Services, which comprises Family Support Services (Yorkshire), Family Support Services UK and Family Support Services (N.W.), was placed in administrative receivership last Thursday (14 October) with PricewaterhouseCoopers (PwC).
The company has 22 residential homes housing nearly 70 children, and eight educational facilities. Its services are used by 23 local authorities.
PwC said its priority was to continue to trade the business as a going concern and secure a sale. "It's pretty much business as usual," a spokeswoman said.
Before the company went into administrative receivership, directors had signed preliminary heads of agreement to sell the business to a confidential third party with "relevant experience in the sector".
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