# Abacus Personnel Limited (07638984)

> Why UK company 07638984 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07638984

- **Status:** Administration ended
- **Administration began:** 2012-05-28
- **Administrators:** Paul Robert Boyle, David Michael Clements
- **Administrators' firm:** Harrisons Business Recovery and Insolvency
- **Incorporated:** 2011-05-18
- **Location:** Reading

## Why it went into administration

- Cash flow / liquidity pressure
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Competition / price pressure

## From the administrators' statement

The Company was incorporated on 18 May 2011 by Stephen White CSW’) who advised that this was for the purpose of purchasing the business of Abacus Employment Limited CAEL’) Following the appointment of administrators over AEL, the Company purchased the business and assets of AEL and continued trading

The Company traded from 2 Vendion Way, Erith, Kent DA18 4AL throughout the duration of its operations and bank facilities were provided by HSBC Bank plc

The Director has stated that it became apparent soon after the Company's incorporation that tts profit margins were lower than anticipated and which resulted cashflow difficulties The Company soon fell behind with VAT and PAYE payments, and a monthly time to pay arrangement was entered into with HM Revenue and Customs

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07638984/filing-history/MzA2MTMyMTEzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07638984

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