Jobs GO Public Limited (03716200): administration
- Status
- Administration ended
- Administration began
- 2011-09-15
- Administrators
- Mark Robert Fry, Kirstie Jane Provan
- Administrators' firm
- Begbies Traynor
- Incorporated
- 1999-02-19
- Location
- London
- Industry
- 7440
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 19 February 1999 with the aim of delivering internet-based recruitment services to the public sector The sector was poorly served at the time and its paper-based recruitment processes offered a market opportunity whereby customers would benefit from the substantial efficiencies and cost savings that internet technologies could deliver There were no other similar providers at the time
Both founding directors, David Marshall and Richard Tyrie, had web based experience in publishing job opportunities in the iT and Telecommunications sectors David Marshall's previous experience was in senior sales management in advertising for local, national and trade publishers, while Richard Tyrie had experience in the recruitment sector
Initial funding for the business compnised a third party loan, and additional funding was raised through an equity sale in 2005/06 with the introduction of a new shareholder and director, Hamish Davidson The issued share capital was as follows
Administrators' statement of proposals (2011-11-07) · Companies House register