Dynamic Trade Recruitment Ltd (07341677): administration
- Status
- Administration ended
- Administration began
- 2018-05-14
- Administrators
- Mark Newman, Vincent John Green
- Administrators' firm
- CCW Recovery Solutions
- Formerly
- Dynamic Services & Logistics Limited; 246 FLB Accounting Ltd; Green Leaf Kandahar (PTY) Ltd
- Incorporated
- 2010-08-10
- Location
- Tunbridge Wells
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Bad debts / customer insolvency
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 10 August 2010 in the name of Green Leaf Kandahar (PTY) Ltd by directors and shareholders Theresa Joy Nelson and Reginald David Fulkes. On 2 November 2011, Theresa Joy Nelson and Reginald David Fulkes ceased to be directors and shareholders and Benjamin Edward Loveday became the Company’s sole director and shareholder. On 3 November 2011, the Company changed its name to 246 FLB Accounting Limited. However, the Company remained dormant from incorporation to 20 February 2012.
On 20 February 2012, the Company was acquired by Dynamic Services & Logistics (ROI) Ltd and changed its name to Dynamic Services & Logistics Limited. The Company commenced trading with its principal activity as a recruitment agency and Benjamin Edward Loveday resigned as a director. Louise Emma Humphrey and Ray Fallon were appointed Company directors abd Benjamin Edward Loveday shares were transferred to Dynamic Services & Logistics (ROI) Ltd. The beneficial owners and sharehoiders of the parent company were Tightford Ltd, Advanced Asset Management Ltd and Cyril Keegan who, together with the two directors, each made loans to the Company.
Louise Emma Humphrey had extensive experience and understanding of the recruitment industry and at the commencement of trade, the Company’s head office was located in South Quay, London. In the first trading year, the Company's turnover was £2,007,833, however they traded at a loss of £223,130. The director considers the loss was caused by high administration cost, primarily professional fees totalling £55,389, high cost of wages totalling £105,696 and a bad debt of £66,641 relating to PJ Myers & Sons Ltd, who went into administration in March 2073.
Administrators' statement of proposals (2018-06-05) · Companies House register