Anglo Technical Recruitment Limited (01799486): administration
- Status
- In administration
- Administration began
- 2025-01-27
- Administrators
- Duncan Robert Beat, Richard Wragg
- Administrators' firm
- Quantuma
- Incorporated
- 1984-03-13
- Location
- Southampton
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
3.1 The Company book debts were subject to an invoice discount facility with Metro. The directors advised that although c.£800,000 of the debtor ledger was deemed recoverable, there was also bad debt on the facility of c.£1m which would impact on funding and cashflow.
3.2 During the trading difficulties detailed above, the Company had accumulated significant liabilities with the HM Revenue & Customs (“HMRC”), and the Company was cashflow insolvent as it was unable to pay its debts as and when they fell due.
3.3 At this juncture, the Company employed 9 members of staff.
Administrators' statement of proposals (2025-03-26) · Companies House register