From the administrators' statement

511 The Company was incorporated on 26 March 2003 and Its main activity was to provide security personnel for its chents at sites such as retail outlets, universities and building sites

512 The Company traded successfully for a number of years before finding trading more difficult in the past three years

513 Mfrs Scriven states that the collapse of the global economy in 2008 had a large impact on the business with several customers entering formal Insolvency procedures, inevitably leading to bad debts and a loss of revenue Whilst the directors took steps to reduce costs and keep the business viable, the Company got into arrears for PAYE and VAT A payment plan was agreed with HM Revenue & Customs in September 2010 but the Company again fell into arrears with current year PAYE and VAT, causing the payment plan to fail

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Rusl Limited (04712285)

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