Cloud Computing International (Consultants) Ltd (07409053): administration
- Status
- Administration ended
- Administration began
- 2013-11-13
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2010-10-15
- Location
- Leeds
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
The Company was a specialist recruiter supplying top-level professionals to companies in the cloud and virtualisation markets across Europe & North America, whilst associated company Global Technology Resourcing Limited (“Global”) traded as a recruiter of permanent professionals in the Information Technology sector The companies operated with separate invoice finance facilities both of which were provided by Aldermore Invoice Finance (“Aldermore”) who also had the benefit of cross company guarantees In practical terms the Companies were one business, with shared premises and other “back office” services
Cloud was incorporated in October 2010 and commenced to trade on 1 March 2011, reporting a profit c£10k during the first year of trade and a profit in the management accounts to 31 August 2013 of c£74k The directors of this company are Stuart Hogg, Nicholas Phipps and Amar Bhanabhai
The management accounts show a high level of turnover for the period May to July 2013, although a number of credit notes in August 2013 resulted in a negative income figure being shown in the management accounts These credit notes were as a result of candidates not fulfilling their probationary period This resulted in Cloud making a net loss for the month
Administrators' statement of proposals (2013-12-31) · Companies House register