EOL Asset Realisations Limited (02768285): administration
- Status
- Administration ended
- Administration began
- 2012-12-14
- Administrators' firm
- Mercia Partners
- Formerly
- Executives Online Limited; E P L Consulting Limited; Earncatch Projects Limited
- Incorporated
- 1992-11-26
- Location
- London
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Over-expansion / investment not recovered
From the administrators' statement
The Company was formed in 1992 by Norrie Johnston as a vehicle to trade as an interim manager via a corporate entity The Company was renamed twice and finally took on the current name in 2000
Following the name change, the Company commenced operating as an Interim Management Provider in the recruitment industry, which included the supply of interm managers to companies nationwide The nature of the client acquisition was predominately via the internet and therefore, the Company had few repeat customers, however it did provide services to the occasional iarge client such as BMW in 2003 and the Law Society between 2007 and 2011
The Company’s trading was supported by National Westminster Bank ple (“NatWest”) who provided banking facilities and Royal Bank of Scotland Invoice Finance Limited (“RBSIF”) who invoice financed the interim managers and the permanent placements
Administrators' statement of proposals (2013-02-12) · Companies House register