An education provider supporting people in Burton is facing collapse after failing to keep a damning Ofsted report under wraps.
Learndirect, which has a branch in New Street, Burton, currently has more than 73,000 people on training courses and apprenticeships and employs more than 1,600 people across the country.
A high court judge rejected their bid to overturn an Ofsted report on Friday which is understood to have given them the lowest possible grades. Ofsted say they will publish the report tomorrow, Thursday, August 17.
Apprentices, the report states, are not given enough "off-the-job training" and management of apprentices is "ineffective", according to FE Week.
The company, which largely relies on government funding, has been plagued by financial difficulties and falling performance.
The damning report would oblige the Government to withdraw more than £100 million in publicly funded contracts, and would force Learndirect to call in the administrators.
The firm argued in court that if the "inadequate" report was released, there was a risk of "irreparable damage" which would have "catastrophic" consequences.
Learndirect's profits dropped from £10 million in 2012 to just £1.6 million in the year to July 2015, despite an increase in revenues.
During the same period, the firm's parent companies, which are ultimately owned by Lloyds Banking Group, paid out tens of millions in dividends, management fees and interest payments.