29 June 2009 - 4:12pm| by | 14 comments

Barkers bought from administration by Penna plc

Barkers bought from administration by Penna plcBarkers bought from administration by Penna plc

Following speculation on Friday that Barkers Scotland had closed, its was announced earlier today that Barkers Group Limited had been taken into administration and then purchased by Penna plc.

The £8.6million deal includes all of the group and TCS and will the 240 Barkers employees currently in employment, offered the same terms and conditions they previously worked under.

The agency also holds offices in Birmingham, Manchester,  Leeds, Bristol and Slough.

This is unlikely to affect the Scottish running of the business which is understood to have made all but five members of staff in its Edinburgh recruitment division redundant.

The business is expected to now trade as Penna Barkers.

Gary Browning, chief executive of Penna, said: "We are proud to be associated with such an established and distinguished brand, and look forward to complementing Barkers' skills with the breadth of a successful HR consulting group which gained 6th place in this year’s Sunday Times 100 Best Companies to Work For" rankings. He added that, given Penna's wider offering, the proposition for clients should be a very attractive one."

A spokesperson for Penna told The Drum that the company was aware that redundancies had been made by Barkers before the deal was concluded and that the focus was mainly on the growth of the recruitment business.

Penna is understood to already have offices in Scotland, although it is believed that neither of these specialise in the recruitment communications field.

No decision has yet been made at to the survival of the Barkers brand while the Scottish Government has yet to comment as to what will happen with the holes that the agency leaves on the Marketing Services Framework.

 

Comments

29 Jun 2009 - 18:52
will_atkinson's picture
123
comments

It's a 'people business". Until you don't need the people any more ,of course.

Anonymous (not verified)
30 Jun 2009 - 12:36
Anonymous's picture

The Scottish news the story is that Barkers has gone. All but 5 people have been made redundant - none of them will get the money that is due to them.

The speed of this move shows that Penna must have been involved in some way with the mass-redundancies and moving the business into administration. This has been done to avoid taking on those liabilities and the people at Barkers are going to pay the price for this.

Absolutely shocking.

Anonymous (not verified)
1 Jul 2009 - 10:00
Anonymous's picture

Go for it fella.
Great to see the power of Social Media unmasking those trying to be clever with the truth.

Anonymous (not verified)
1 Jul 2009 - 12:10
Anonymous's picture

Great that a PR company needs a PR company.
Maybe that's why it all went pear shaped

Anonymous (not verified)
1 Jul 2009 - 12:10
Anonymous's picture

Great that a PR company needs a PR company.
Maybe that's why it all went pear shaped

Anonymous (not verified)
1 Jul 2009 - 13:46
Anonymous's picture

Trevor Merruden must think we're all muppets.
You just cannot do a deal that quickly.

Reminds me of Fred the Shred's forced "apology".
How clever he must have thought he was apologising for the "situation" rather than his role in getting us in this mess.

Anonymous (not verified)
1 Jul 2009 - 14:55
Anonymous's picture

People get annoyed when clever people are disingenuous with the truth.
Clearly a condition of the take-over was Barkers dumped any debt/creditors (including staff redundancy payments) by going into administration.
Everybody understands this and reasons why, but get ****ed off when people pretend otherwise.
Technically maybe right it wasn't Penna but don't take us for idiots, Penna were standing behind with a gun to the head.

1 Jul 2009 - 15:14
will_atkinson's picture
123
comments

Jeez - it's really simple. Of course Penna knew everything but can never admit to it cos it would be considered dodgy. This sort of thing happens all the time - it's called business. If you don't like it, don't be involved in business. Join the Socialist Workers party or the Anarchists - or just accept that capitalism is on occasion a brutal business. `Frankly the Penna/ Barkers deal was probably the best deal on the table. Not pretty but certainly pragmatically acceptable. Don't get me wrong, I feel total sympathy for the people hurt by this (I've been here myself, and I used be a fully paid up member of SW) but they would have been hurt whatever happened. The real question is whether Penna can actually create a viable business in an ever changing business landscape in Scotland.. Who knows? But £8 million is a hell of a punt.

1 Jul 2009 - 16:42
will_atkinson's picture
123
comments

On a practical level, there is a now an excellent creative team (Carter and Paulo) going begging. If any of you anons are running an agency you should invest in hiring them now - they're good

Anonymous (not verified)
1 Jul 2009 - 22:24
Anonymous's picture

Carter and Paulo. Who they?

Anonymous (not verified)
2 Jul 2009 - 08:52
Anonymous's picture

cannot find twitter profile - you have full address?

2 Jul 2009 - 13:10
will_atkinson's picture
123
comments

Apologies to carlo (not paulo). And if I ran an agency I wpuld.

Anonymous (not verified)
2 Jul 2009 - 21:35
Anonymous's picture

Dream on ...

3 Jul 2009 - 14:36
will_atkinson's picture
123
comments

Dream on? C'mon, give these guys a chance!

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