JHA Recruitment Consultancy Ltd (08515080): administration
- Status
- Administration ended
- Administration began
- 2017-08-30
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2013-05-02
- Location
- Salisbury
- Industry
- 74990 Non-trading company
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Weak consumer demand
- Cash flow / liquidity pressure
- Property / lease costs
From the administrators' statement
The business originally operated as a sole trader under the name JHA Recruitment Consultancy. The business was incorporated on 2 May 2013 resulting in Rebecca Abigail Edwards and Makayla Jehura Rahman becoming the directors and Rebecca Abigail Edwards ("Abby Edwards”) becoming the sole shareholder.
The Company was incorporated as an invoice finance facility was needed to assist with working capital and its clients consisted of “blue-chip” businesses. The business originally traded from 3” Floor, 33-34 Bury Street, London, EC3A 5AR but the Company became involved in a protracted legal battle which cost around £70k in terms of legal fees, extra rent on a temporary serviced office and a loss of income. The Company decided not to continue the legal action due to the cost of bringing the claim and the litigation risk.
The Company relocated to 2 Shad Thames in January 2016 on a new five year lease but struggled with debt and poor staff morale.
Administrators' statement of proposals (2017-09-15) · Companies House register