A Marketing Vocation Ltd (07167377): administration
- Status
- Administration ended
- Administration began
- 2023-03-31
- Administrators
- Matthew Russell, Gareth James Lewis
- Administrators' firm
- BPI Asset Advisory
- Incorporated
- 2010-02-24
- Location
- Leeds
- Industry
- 70210 Public relations and communications activities
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- COVID-19
- Creditor pressure / legal action
- Regulatory change or action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
From the administrators' statement
A Marketing Vocation Limited (“the Company”) was ‘incorporated on 24 February 2010 and commenced trading as Amvoc. ,
The Company acted on behalf of various clients, primarily by providing call services for sales, marketing, inbound and outbound calls. Until recently, the Company employed 230 staff across three offices located in Leeds, Manchester and Harrogate.
In September 2017, the Company entered into a Company Voluntary Arrangement ("CVA"), as a result of cash flow difficulties from a loss of major customer and significant bad debt. GJL acted as Nominee and Supervisor in relation to the CVA. On 28 February 2020, all creditors’ claims were paid in full together with statutory interest. The CVA concluded officially on 31 March 2020, unfortunately coinciding with the beginning of Covid-19 lockdown restrictions.
Administrators' statement of proposals (2023-05-25) · Companies House register