Tech-Direct Recruitment Ltd. (03177745): administration
- Status
- Administration ended
- Administration began
- 2020-03-05
- Incorporated
- 1996-03-26
- Location
- Upper Parliament Street
- Industry
- 78109 Other activities of employment placement agencies
From the administrators' statement
Brief Background The Company was incorporated on 26 March 1996 with Ms Amanda Louise York as one of three directors. The Company operated as a technology recruitment company and traded successfully for over 23 years.
On 13 December 2019, Ms York entered into a Share Purchase Agreement ("SPA”) for the sale of the entire issued share capital in the Company to MHC Ventures Limited (‘MHC’). The SPA provided for an initial consideration of £200,000 and deferred consideration over a period of two years of £300,000 (payable in equal monthly instalments on the anniversary date of the SPA) plus an additional, performance-based consideration of £100,000.
As security, Ms York took a debenture over the Company assets by way of a fixed and floating charge.
Administrators' statement of proposals (2020-05-06) · Companies House register