Good Relations Employment Limited (06551455): administration
- Status
- Administration ended
- Administration began
- 2013-10-25
- Incorporated
- 2008-04-01
- Location
- Droitwich
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Bad debts / customer insolvency
- HMRC / tax arrears
From the administrators' statement
“Good Relations was set up in May 2008 by Myself Faye Durman, Barry Adams and John Adams, John and Barry owned the company and we had an agreement that | would earn my shares by bringing bustness to Goad Relations and then | would earn 10% each year of trading.
The business was growing nicely even in the recession then tn 2010 John Adams and Sons Limited went into liquidation They contacted me and said they had a lot of bad debt and they are closing everything down, by this time we had a good relationship with all our customers and | felt | would be letting them down if | pulled all my staff out of the contracts so | asked Barry and John if they would sign over the company to me,
Barry and John told me that we owed 32K to the HMRC but the bad debt was not just 32k It was over 100k, So | contacted the HMRC and arranged a payment plan to pay off the bad debt, which | paid every penny back but by paying all that meant that we were tate on our on-going PAYE and VAT payments which meant we were getting more and more fines So from day one, since the transfer, we really have been chasing our own tails because | have tried to do the right thing by everyone ”
Administrators' statement of proposals (2013-11-19) · Companies House register