Recruit 2 Suit U Ltd (07194509): administration
- Status
- Administration ended
- Administration began
- 2016-04-21
- Incorporated
- 2010-03-18
- Location
- Altrincham
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 18 March 2010 by Gemma Buckley (“the Director”) and commenced trading in May 2010 The Company was formed as a successor to a previous company, Recruit 2 Suit Ltd, a company that had ceased trade and now dissolved following the breakdown of the director’s previous business relationship The main trading actwity of the Company was a recruitment business providing staff to local businesses, with a mixture of industrial and commercial staff placements
The majority of the Company’s clients were local manufacturing companies or operating units of large commercial organisations with whom the director had built up a strong working relationship in previous recruitments businesses The director noted with the previous business that tt had been struggling with reducing profit basis between multiple directors This new company was formed to enable new marketing and business growth without the need to dilute the earnings across multiple people
The Director provided the initial funding for the business by utilising a personal loan, overdraft and invoice factoring facility with Lloyds Bank Pic
Administrators' statement of proposals (2016-06-24) · Companies House register