The Liverpool Recruitment Company Limited (04868921): administration
- Status
- Administration ended
- Administration began
- 2014-03-12
- Administrators
- Kevin Gerald Murphy, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2003-08-15
- Location
- Manchester
- Industry
- 70229 Management consultancy activities other than financial management
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
31 The Company was incorporated in August 2003 The directors and shareholders on our appointment were Mr Darren Fulton and Mrs Jayne Fulton
32 The Company provided temporary labour to the construction and rail industries The Company provided a total of 30 - 40 ‘operatives’ to clients at any one time The Company traded from leasehold premises at Dale Street, Liverpool
33 The Company was funded by way of an invoice finance facility with Bibby Financial Services Limited ("Bibby"), who hold security by way of a debenture incorporating a fixed and floating charge over the Company's assets, created on 11 March 2011 The Company received further funding by way of a loan of £100,000 from The North West Fund for Business Loans LP (“NWF”), who also hold security by way of a debenture incorporating a fixed and floating charge over the Company's assets, created on 15 February 2012 NWF hold further security by way of a cross company guarantee with a connected company and personal guarantees provided by the directors
Administrators' statement of proposals (2014-04-22) · Companies House register