ARS Realisations Limited (06732115): administration
- Status
- Administration ended
- Administration began
- 2011-08-22
- Administrators' firm
- Begbies Traynor
- Formerly
- Apple Recruitment Solutions Limited; Open Working Liaison UK Limited
- Incorporated
- 2008-10-24
- Location
- Leicester
- Industry
- 7487
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
Apple Recruitment Solutions Limited (“ARSL”) was incorporated in October 2008 and commenced trading in March 2009 The Company traded from leased premises at 45A Far Gate, Derby, DE1 1DA The pnncipal activity was to supply temporary labour to industry, under the management of the director, Roger Bithall
Roger has worked in the recruitment industry since 1990, offenng a tailored service to his clents He inttally worked from home with 2 staff under the name of Open Working Liaison Ltd based in the Midlands, concentrating on recruitment of temporary labour, where he developed his relationship with his clients
ARSL continued servicing the clients with an average sizeable contract of £150k The Company expanded and moved to leased premises at 8A Market Place, Derby, DE1 3QE_ To improve cashflow and to aid the working capital, the director decided to factor the debtors and gave a personal guarantee to Bibby Financial Services Limited (“Bibby”)
Administrators' statement of proposals (2011-10-18) · Companies House register