N2 Realisations Limited (04249856): administration
- Status
- Administration ended
- Administration began
- 2018-10-08
- Administrators' firm
- Begbies Traynor
- Formerly
- Nursing 2000 Limited
- Incorporated
- 2001-07-10
- Location
- Leigh on Sea
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 10 July 2001 and traded from 85-87, Streatham High Road, London, SW16 1PH. It provided agency staff, as well as providing recruitment services, for several NHS trusts with whom it had a Framework agreement with or held smaller contracts. The Company traded successfully for a number of years, however, has achieved mixed results over the last few years.
The Company employed approximately 100 staff, as well as having several hundred agency staff on its books. Following professional advice, the Company proceeded to propose a Company Voluntary Arrangement (‘CVA’) to its creditors; this was approved in March 2018 The CVA was for a 10 month duration pledging a total dividend to creditors of 100p in the £ over its term.
The Company's secured creditor supported the business throughout the Company entering into a CVA.
Administrators' statement of proposals (2018-10-31) · Companies House register