In a statement, regional insolvency and business recovery specialists McTear Williams & Wood said IBTC Limited – the company trading as International Boatbuilding Training College – would “close its doors with effect from 20 December and a meeting of members has been called for that day to place the company into liquidation”.
A spokesperson for McTear Williams & Wood said it was being appointed as joint liquidator.
“The current student cohort will leave having been given the opportunity to complete a minimum of the joinery module City & Guilds qualification,” they said.
“The directors Lyn and Mike Tupper have been running the company for the last nine years having acquired it for £1 from prior owners and have invested heavily in the…
