Solsbury Solutions Limited (06692690): administration
- Status
- Administration ended
- Administration began
- 2022-12-14
- Administrators
- Martin Charles Armstrong, Andrew Richard Bailey
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2008-09-09
- Location
- Weybridge
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Brexit
From the administrators' statement
Creditors should note that, unless otherwise stated, this section of my proposals has been prepared based on information provided to me by the director of the Company and not from my personal knowledge as Joint Administrator.
The Company was established in September 2008 and operates in the provision of temporary staff recruitment. The Company's business is centred around the logistics and retail sectors specifically in Southampton and South Yorkshire. Customers of the Company include the warehousing departments of leading retailers and major logistics companies.
The Covid-19 pandemic and Brexit had an adverse effect on the Company which led to a severe cashflow crisis. In addition to this the Company had loaned approximately £300,000 to a subsidiary,
Administrators' statement of proposals (2023-02-17) · Companies House register