Haztek Consultants Limited (05875139): administration
- Status
- Administration ended
- Administration began
- 2017-05-16
- Incorporated
- 2006-07-13
- Location
- London
- Industry
- 72190 Other research and experimental development on natural sciences and engineering
Why it went into administration
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
3.1 The Company was incorporated on 13 July 2006 and provided management services to The HIL Organisation Ltd (“HIL”). HIL was a global leader in the supply of oil, gas and power resources, specialising in health, safety and environmental solutions and personnel. The sole Director is Jerrard Leslie Winter, who was appointed on incorporation and is also the ultimate
controlling party of HIL. 3.2 Extracts from the Company’s Financial Statements are as detailed below: Year ended Yearended 01-Apr-13 to 31-Dec-15 31-Dec-14 31-Dec-13 (Statutory) (Statutory) (Statutory) Turnover 88,950 215,675 251,875 Gross profit 87,350 212,837 250,937 Operating profit after taxation 34,207 139,003 158,529 Dividends (34,250) (160,000) (155,000) Retained profit carried forward 291 333 21,430 Shareholder’s funds 391 433 21,530 3.3 HIL specialised in two aspects of recruitment, “Manpower”, which dealt with the placement of
weekly/monthly contractors and permanent staff and “Managed Services”, which dealt with the management of specific, usually one-off projects, for oil and gas companies, for which it charged a fixed fee. 3.4
Administrators' statement of proposals (2017-07-19) · Companies House register