Essential Recruitment (NW) Limited (05719859): administration
- Status
- Administration ended
- Administration began
- 2016-09-29
- Administrators
- Craig Johns, Jason Mark Elliott
- Administrators' firm
- Cowgill Holloway Business Recovery
- Formerly
- Essential NOW! Recruitment and Personnel Limited
- Incorporated
- 2006-02-23
- Location
- Bolton
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Sustained trading losses
- Parent or group failure
From the administrators' statement
By way of background, the Director incorporated the Company on 23 February 2006 and commenced to trade immediately The Company was incorporated to offer temporary or self-employed drivers to transport companies and departments in a highly competitive area, as well as providing labour for warehousing
The Company ts owned by Christina Hughes who holds 100% of the Company’s shareholding The Company employed nine employees and one Director and the Company traded from 267 County Road, Walton, Liverpool, Merseyside, L4 SPQ
The Company traded for a number of years successfully, however, in 2015 it suffered a downturn in reoccurring trade, which caused a reduction tn turnover and therefore reducing the Company's working capital which, in turn, impacted negatively on cash flow and the Company's working capital At this time, the Company fell inte arrears with
Administrators' statement of proposals (2016-10-18) · Companies House register