Investors in ailing Carter & Carter will be left with nothing after the training firm’s fall into administration, the company said today.

Troubled training company Carter & Carter gave investors some cheer today after boosting its business with a move into the North.

Carter & Carter today said it would not rush into appointing a successor for chief executive Phillip Carter, the company’s founder who was killed last week with his teenage son in a helicopter crash.

An honorary vice president of Chelsea and his son, flying back from the Champions League match at Liverpool, were killed when their helicopter crashed less than mile from home.