Iprofile Limited (07623865): administration
- Status
- Administration ended
- Administration began
- 2013-02-21
- Administrators' firm
- FRP Advisory
- Incorporated
- 2011-05-05
- Location
- Chatham Maritime
- Industry
- 62090 Other information technology service activities
Why it went into administration
- Loss of a key customer, supplier or contract
From the administrators' statement
The Company was incorporated on 5 May 2011 to carry on the business of IT Recruitment Services following the acquisition of the assets of the Skillsmarket Ltd business from the Administrators (FRP) at the end of May 2011 for approximately £55,000 The directors invested a further £125,000 into the business
This consisted of two trading arms of the business, one in the UK and one in Australia
We are advised that the Australian business - a wholly owned subsidiary of the UK business, had been largely unaffected by the events in the UK but the reputation of UK business had been badly damaged and as a result the Company lost a number of key customers, reducing their monthly revenue from £70,000 to around £40,000, which was a bigger loss than anticipated
Administrators' statement of proposals (2013-04-29) · Companies House register