Transline has reportedly appointed KPMG as advisors to raise fresh capital for the business before appearing in front of a parliamentary inquiry today.
Although the reason for this search has not been confirmed, analysts have suggested the the recruitment company, which is at the centre of the Sports Direct warehouse working conditions scandal, is experiencing declining margins.
In the latest published financial results Transline made just £909,000 operating profit on a £230 million turnover.
As part of an inquiry into workers‘ rights, the Business Committee will question the financial advisor of Transline Jennifer Hardy over the benefits of agency work.
She will appear alongside Unite union boss Steve Turner who has been at the forefront of the Sports Direct workers‘ rights debate since it broke last year.
GMB leader Tim Roache, who has worked to highlight the plights of agency workers at ASOS, will also speak at the inquiry.
During Hardy’s last encounter with the committee, Transline was accused of treating workers at Sports Direct‘s Shirebrook warehouse without dignity or respect, as well as misleading MPs.
This lead the committee‘s chairman Iain Wright to call for Sports Direct to cease its professional dealings with the agency.
Since then Transline has been critisiced for the working conditions at its warehouse in Barnsley, and has been dropped by online retailer Amazon.