# Iprofile Limited (07623865)

> Why UK company 07623865 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07623865

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07623865/filing-history/MzA3NzEwNzIwNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07623865

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.