TW Solutions Recruitment Ltd (03484467): administration
- Status
- Administration ended
- Administration began
- 2021-06-28
- Administrators
- Philip Edward Pierce, Paul Andrew Whitwam
- Administrators' firm
- FRP Advisory
- Formerly
- Three Way Solutions Ltd
- Incorporated
- 1997-12-22
- Location
- Leeds
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- COVID-19
From the administrators' statement
Three Way Solutions Ltd (‘the Company”) was established in 1997 and operates as a recruitment agency, Specialising in placing candidates into “labouring” roles across various industries such as distribution and processing.
Julie Griffiths and Steve Washington are the current directors of the Company (“the Directors”). Julie is the sole shareholder.
In January 2017, a significant client unexpectedly withdrew trade without any notice. This client usually required between circa 100-200 workers each day depending on workload. In an unprecedented situation, the client reduced its requirement to only 10 workers within a very short time frame. This had an immediate impact upon the Company’s cash flow, due to a huge reduction in expected invoicing, which was further compounded by over 100 workers, who would ordinarily be placed with this client, all requesting paid leave at the same time.
Administrators' statement of proposals (2021-08-26) · Companies House register