Employment & Training Links Ltd (04716937): administration
- Status
- Administration ended
- Administration began
- 2012-07-26
- Administrators
- Alisdair James Findlay
- Administrators' firm
- J Findlay of Findlay James (Insolvency Practitioners)
- Incorporated
- 2003-03-31
- Location
- Cheltenham
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Employment & Training Links Limited ("the Company") was incorporated on 31 March 2012 under registration number 04716937
The Company was a non-profit company operating has an education and employment placement agency The company received public funding to deliver community programmes The programmes that the company delivered have either been reduced in number, changed or completely withdrawn This directly had a direct impact on the company's cash-flow causing the company to struggle financially
In an attempt to save the company, the directors injected further funds, reduced overheads and took drastic pay cuts Whilst this bought the company further time to trade, it did not allow the sufficient tme for the company to acquire new programmes and contracts
Administrators' statement of proposals (2012-10-19) · Companies House register