Lucy Walker Recruitment Limited (06745431): administration
- Status
- Administration ended
- Administration began
- 2021-01-11
- Administrators
- Mark David Hodgett, Paul Andrew Whitwam
- Administrators' firm
- FRP Advisory
- Formerly
- BJW141035 Limited
- Incorporated
- 2008-11-10
- Location
- Leeds
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- COVID-19
From the administrators' statement
Lucy Walker Recruitment Limited (“the Company”) was incorporated in 2008 by Mark Woffenden and Lucy Woffenden (“the Directors”) and latterly operated from a single serviced office location in Leeds, placing candidates on both a temporary and permanent basis, predominantly in office support, sales, graduate, legal services and management services.
The Company has 7 employees plus the two directors and is funded by an invoice factoring facility provided by ABN AMRO Commercial Finance PLC (“ABN”), drawing funds on a weekly basis as required.
Turnover in 2017 and 2018 was circa £3.4million and circa £3.9million respectively, yielding a profit of circa £233,000 and circa £62,000. However, in 2019, the Company suffered an unexpected reduction in trade to circa £2.4million, resulting in a loss for the year of circa £223,000.
Administrators' statement of proposals (2021-03-15) · Companies House register