Ashtons Resourcing Limited (08539457): administration
- Status
- Administration ended
- Administration began
- 2015-07-13
- Administrators
- David Michael Clements, Paul Robert Boyle
- Administrators' firm
- Harrisons Business Recovery and Insolvency
- Formerly
- Rightstaff Recruitment Solutions Ltd
- Incorporated
- 2013-05-22
- Location
- Reading
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 22 May 2013 and carrted on trade as an employment placing agency
The Company made a loss in the first period of trading of £8,177. Whilst it was winning contracts, and had managed to garner new business in the first few years of trading, the insolvency of a major customer in December 2014 had a significant impact on the Company's cash flow. The customer, Techelec (Brighton) Limited (“Techelec”) owed the Company, £469,915 06.
The Company had granted a fixed and floating charge to Outsauce Financing Limited (‘Outsauce”) in July 2013 over the Company’s assets tncluding the book debts
Administrators' statement of proposals (2015-09-09) · Companies House register