# Tech-Direct Recruitment Ltd. (03177745)

> Why UK company 03177745 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03177745

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03177745/filing-history/MzI2NDA1MzM5MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03177745

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.