NoSweat Journalism Training has ceased trading and been placed into liquidation.
The company said in a statement that its directors were 'unable to agree a rescue package with the company's creditors", adding: 'Latterly, negotiations with the landlord broke down and the company had no option but to vacate its premises and cease to trade."
KSA Group Limited has now been instructed to place the company into liquidation.
In a statement released today the company said: 'NoSWeat Journalism Training Ltd has regretfully decided to cease trading as the UK economy falls back into recession.
'NoSWeat has successfully trained hundreds of journalists since it began in 1999. Graduates have achieved some of the highest goals in the industry securing staff jobs on national broadsheets and with national and international broadcasters."
The National Council for the Training of Journalists declined to renew NoSweat's accreditation in August, when the college responded by appealing its decision to Ofqual.
But one month later Press Gazette reported on how NoSweat was seeking to 'restore relations'with the NCTJ after it lost its appeal.
Ofqual said it decided not to review the NCTJ's decision because accreditation was an operational and not a regulatory matter.
The decision meant NoSweat no longer had accreditation to deliver NCTJ qualifications other than to complete the training for students starting courses prior to 8 July 2011.
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