Regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – will close its doors with effect from today.
It will see 11 staff being made redundant at the college at Oulton Broad with its assets being sold off in the new year.
In a statement directors Lyn and Mike Tupper blamed the closure on negative economic events such as Brexit, covid and the Ukraine war and also a shift in what constitutes “quality training” and falling student numbers.
Based on the edge of The Broads since 1975, at Sea Lake Road, Oulton Broad in Lowestoft, IBTC has ensured that
