Chapman Black Limited (05135537): administration
- Status
- Administration ended
- Administration began
- 2020-02-04
- Administrators
- Steven Wiseglass, Kris Anthony Wigfield
- Administrators' firm
- Begbies Traynor
- Formerly
- BWC Partners Limited; B3 International Limited; Red People Limited; Rolfield Management Limited
- Incorporated
- 2004-05-24
- Location
- Northampton
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Parent or group failure
From the administrators' statement
The Company was founded in 2007. The Company was an independent until it formed part of the Endorsed Group from January 2018. Executive and Engineering permanent recruitment company operating from London and working mainly in Germany, Europe and US markets. Over the last 10 years it developed a significant presence in the automotive industry globally. The Company invested along with the group in developing its own proprietary software.
The automotive slow down started to affect the results during late 2018 and early 2019, leading to operational changes to the business and its markets. A further restructure to the Company was made between May and
-3August, coinciding with the Managing Director of the Company becoming pregnant. The Managing Director went on maternity leave immediately after completing the restructure in August.
Administrators' statement of proposals (2020-03-27) · Companies House register