Fleet Personnel Ltd (07552451): administration
- Status
- Administration ended
- Administration began
- 2012-09-27
- Administrators
- Matthew Richard Meadley Wild, John Ariel
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2011-03-04
- Location
- Guildford
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Competition / price pressure
From the administrators' statement
The Company only traded for 18 months and did not file statutory accounts during this time
Relevant extracts from the Company’s management accounts are summarised below.
Profit and Loss Account 01.04.2012 01.04 2011 to to 27.09.2012 31.03.2012 Sales 1,168,919 1,767,663 Direct Costs (87,965) (97,220) Gross Profit/(Loss) 1,080,954 1,670,443 Overheads (815,105) (1,819,769) Net Profit/(Loss) 265,849 (149,326) Balance Sheet 27/09/12 Fixed Assets 19,377 Current Assets 229,629 Current Liabilities (126,946) Net Current Assets 102,682 Long Term Liabilities (5,538) Net Assets 116,521 Capital & Reserves 116,521
Administrators' statement of proposals (2012-11-23) · Companies House register