Future Engineering Recruitment Limited (06800261): administration
- Status
- Administration ended
- Administration began
- 2023-10-06
- Administrators
- Dane O'Hara, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-01-23
- Location
- London
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Rising costs / inflation
- Creditor pressure / legal action
- Sustained trading losses
- Weather / natural events
From the administrators' statement
The Company was incorporated on 23 January 2009 and its main activity is the provision of permanent employment services, primarily in the engineering sector. At the date of Administration, the Company had 13 staff, including 3 of the directors, Mr Mehmet, Mr Courtney and Mr Rowleit.
The 3 majority shareholders previously had experience managing a recruitment business for Rise Technical Recruitment (“Rise”}, of which Mr Leng and Mr McCarthy were majority owners.
Future Engineering Recruitment Limited (“FER”) was formed with Rise, as a sister company, to provide support and guidance when needed. FER was a new business, however, and Rise allowed it to use their systems, procedures and resources to help the Company get off the ground, along with Mr Leng and Mr McCarthy’s experience of owning an ongcing successful business.
Administrators' statement of proposals (2023-10-19) · Companies House register