Beavers Recruitment (UK) Limited (05512099): administration
- Status
- Administration ended
- Administration began
- 2012-01-12
- Administrators
- John Christopher Sallabank, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Incorporated
- 2005-07-18
- Location
- Reading
- Industry
- 7450
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Competition / price pressure
From the administrators' statement
The Company was incorporated on 18 July 2005 and Catherine Stubbs (CS’) was appointed sole Director on the same day The principle trading activity was the supply of temporary heavy goods vehicle drivers to the retail industry
Initial funding was provided by Barclays Bank Plc (the Bank’) by way of an overdraft facility up to the sum of £25,000 and a Barclays Invoice Discounting facility However, the Bank recalled it’s funding and the discounting facility was subsequently replaced by a factoring agreement with F21. F21 created a fixed and floating charge over ail of the Company’s assets on 5 August 2009, which was registered at Companies House on 13 August 2009
The Company traded from offices at 140 Victoria Road, Old Town, Swindon which are owned by the Beavers Trustees Pension Scheme.
Administrators' statement of proposals (2012-02-29) · Companies House register