Venturexec Limited (07068446): administration
- Status
- Administration ended
- Administration began
- 2014-02-06
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2009-11-06
- Location
- Manchester
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Rising costs / inflation
- Cash flow / liquidity pressure
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 6 November 2009, however, it remained a dormant company until the acquisition of the business and assets of Sewell Moorhouse Limited (“SM’} on 20 July 2012 which entered Administration on the same date SM 1s a connected company by way of a common director and shareholder
The Company commenced trading shortly after the acquisition of assets of SM, trading from serviced offices in Leeds and Doncaster and leasehold premises 1n Sheffield providing recruitment services in multi-disciplined markets, with 20 full ttme employees across its three locations
The Company's customers were not held under contract, as is normal practice in this industry, and therefore have the ability to approach other agencies to source candidates The split of permanent and temporary clients 1s approximately 80/20 respectively
Administrators' statement of proposals (2014-03-27) · Companies House register