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A string of bosses never found a way to save it.
The group, which has lurched from crisis to crisis and lost a string of bosses along the way, admitted that the huge losses were due to "fundamental failings in management and governance at the group over many years".
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The agency has had three directors and a string of interim bosses in less than two years, a rate of turnover that many believe has kept the agency from scrutinizing the shelter's problems.
"I'd call them an endangered species," he says about his string of callous, browbeating bosses, "except the supply is endless".
Fadil Dookhy, 25, who was born in Mauritius, was claiming £7m in damages from AIG Global Investment Corporation, alleging he had endured a string of racist taunts from his boss, Chantal Brennan.
The 22-year-old is one of a string of youngsters brought in by boss Peter Reid, whose squad's average age is 22. "On the training pitch everyone's eager to learn and that's a great thing to have," Atkinson told BBC Devon.
Bosses at a string of companies faced revolts.
The Institute of Directors (IoD), which published the report, warned companies to improve how they are run after a year in which excessive pay for bosses and a string of scandals has once again battered the reputation of corporate Britain.
"He's no rubber stamp," Hechinger wrote in a string of impassioned tweets defending his former boss: "If you look him up on judge rating websites, the consensus is in line w/ reality: An incredibly good man.
Cera, which is backed by a string of City heavyweights including former Standard Chartered boss Peter Sands, has been handed the cash from Auriens, a luxury care home operator in west London.
The 31-year-old was released by Fulham in July, having joined in 2007 as one of a string of Northern Ireland players recruited by then-boss Lawrie Sanchez.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com