On-Site Recruitment Solutions Ltd (04920850): administration
- Status
- Administration ended
- Administration began
- 2020-01-03
- Administrators' firm
- Quantuma
- Formerly
- On Site Recruitment Solutions Limited
- Incorporated
- 2003-10-03
- Location
- Southampton
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
From the administrators' statement
The Company had extinguished all rights of appeal against a VAT liability imposed following an inspection. This together with a bad debt had caused cash flow issues for the Company and the director was unsure that it would be able to meet the incurred liabilities with HMRC.
This resulted in Quantuma LLP being formally instructed on 7 October 2019 to carry out the following:
Report to Lloyds Bank Commercial Finance; Liaise with HM Revenue & Customs;
Administrators' statement of proposals (2020-01-15) · Companies House register