# Median Recruitment Ltd. (03361326)

> Why UK company 03361326 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03361326

- **Status:** Administration ended
- **Administration began:** 2011-11-16
- **Administrators:** Neil A Bennett, Alex David Cadwallader
- **Administrators' firm:** Leonard Curtis
- **Incorporated:** 1997-04-28
- **Location:** London
- **Industry:** 7450

## Why it went into administration

- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

The Company latterly traded from leasehold premises at 3 Kingly Street, London W1B 5PB_ The pnincipal trading activity was specialised recruitment

Three-quarters of Company’s business was lost following a sale of the IT division in 2009 and departure of the consultant who ran the division This included a contract with one of the Uk’s largest law firms for provision of IT support professionals which was worth approximately £1 2m per annum

Additionally, the Company suffered from an overall decline in the PR industry and, despite reducing overheads, including a reduction in staff from 16 to 3, was unable to increase turnover and net profit This resulted in the Company falling into arrears with HM Revenue & Customs (“HMRC”) in respect of PAYE and NIC totalling some £145,000 The Company entered into a Time to Pay agreement with HMRC with a view to reducing these arrears, but was unable to keep to this arrangement

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03361326/filing-history/MzA1MDQ5NjU2OGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03361326

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