Nemesis Agency Limited (02841057): administration
- Status
- Administration ended
- Administration began
- 2013-05-30
- Administrators
- Craig Johns, Jason Mark Elliott
- Administrators' firm
- Cowgill Holloway Business Recovery
- Formerly
- NMS Model Management Limited
- Incorporated
- 1993-07-30
- Location
- Bolton
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated in 1993 and operated primarily as an agency for models and actors (“the Chents” / “the Client List’) The Company sourced work for the Clients, and collected the requisite fees on their behalf upon completion of the assignment In return for this service the Company received a fee of 15% or 20% dependent on the nature of the work provided i 1s understood that the Chents were not contracted and that the
Company was paid commission when a modelling or acting assignment was completed
In recent years, the Company had seen a downturn tn the value of work sourced, which resulted in a reduction of turnover of 32% for the period from 1 April 2011 to 31 March 2013 As a result, the Company had fallen into arrears with several creditors, in particular
Administrators' statement of proposals (2013-07-18) · Companies House register