Freedom Recruitment Limited (03319378): administration
- Status
- Administration ended
- Administration began
- 2019-08-23
- Administrators' firm
- Leonard Curtis
- Incorporated
- 1997-02-17
- Location
- London
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Sustained trading losses
- Brexit
From the administrators' statement
The Company was incorporated on 17 February 1997. The current directors are Neil Ashton and Samira Ahdal The principal shareholder is Neit Ashton. The Company's registered office is 4-6 Canfield Place, London NW6 3BT and the principal trading address is WeWork, No1 Poultry, London EC2R 8EJ.
The Company's main activity was that of a temporary recruitment agency within the retail and fashion industry. It recruited both nationally and internationally, providing a bespoke service to its network of clients and candidates, a number of which were blue chip clients. The Company had 19 staff, comprising 1 temporary and 18 full time.
The Company had been trading for over 20 years. It traded successfully for 11 years and at its peak had offices in London, Birmingham and Manchester, employing over 90 staff. However, in more recent years, the Company experienced extremely difficult trading conditions due to a number of significant factors, including the global financial crisis in 2008; technology changes in the recruitment industry over recent years; and the effects of the Referendum and the ongoing Brexit negotiations on the recruitment policies of its clients, in addition to the impending HMRC IR35 changes.
Administrators' statement of proposals (2019-09-09) · Companies House register