The government’s insolvency watchdog has announced this week that the official receiver for the case has now concluded its inquiry into the former apprenticeship giant and is to take ‘no further action’ against its ex-directors.

The Insolvency Service began investigating the company’s directors’ conduct following its collapse in October 2018 after it lost government contracts worth £16.5m.

The High Court placed 3aaa into compulsory liquidation in late October 2018 and Anthony Hannon was made the official receiver handling the insolvency.