DPL (Realisations) 2024 Limited (05158680): administration
- Status
- Administration ended
- Administration began
- 2024-04-02
- Administrators' firm
- Azets
- Formerly
- Drive Personnel Limited
- Incorporated
- 2004-06-21
- Location
- Chandler's Ford
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Cash flow / liquidity pressure
- Weak consumer demand
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Property / lease costs
- Rising interest rates
From the administrators' statement
Drive Personnel Limited (“DPL”) was incorporated on 21% June 2004 and commenced trading shortly thereafter. The company is 100% owned by its parent company Fair Oak Group Ltd which is in turn owned 50% each by Christopher Bryant and Simon Pritchard. The nature of business is an employment agency specialising in the HGV driving sector, and the company has several clients in the Southampton and Eastleigh areas.
Mr Bryant has worked in the HGV driver recruitment sector since 1985 and has held several senior roles with national recruitment companies in the past. As a result of a long and distinguished career in the sector, Mr Bryant has personal and professional relationships with
The affairs, business and property of the Company are being managed by the Administrator who acts as agent of the Company and without personal liability.
Administrators' statement of proposals (2024-05-07) · Companies House register