Transline has been rescued from administration by Russell Taylor Holdings Ltd, saving 5,560 jobs and preventing the company from plunging into liquidation.
The embattled recruitment company which has provided staff for major retail warehouses like Amazon, Asos and Sports Direct filed a notice of intention to appoint administrators earlier this month.
It will now become a wholly owned subsidy of Russell Taylor Holdings, alongside Recruit Right and Assist Resourcing UK which the group acquired at the start of the year.
No changed will be made to the day to day operations of the company, and all staff will transfer directly across to its new owner.
“Transline has been a growing force within the industrial recruitment industry for nearly three decades with long-term customer relationships across the most successful businesses in retail and logistics,” Russell Taylor Holdings group chief executive Ben Russell said.
“The industrial recruitment industry has faced pressure due to the exponential growth of the UK e-commerce sector and the experience and quality of the Transline team and its investment in compliance and infrastructure will ensure the business reaches its future potential.
“The investment will facilitate the long-term success of the company and wider Group as we continue to bring on board complementary businesses that share our values to create an industry-leading combination.”
Transline gained the attention of the media after the Sports Direct workers‘ rights scandal, in which “Victorian” working conditions were found to be enforced in a Transline staffed warehouse.
Since then other both Amazon and Asos cut ties with the company and it reported needing around £6 million of investment from investors to come out of administration.