Cateringperms.Com Limited (08579968): administration
- Status
- Administration ended
- Administration began
- 2015-02-13
- Administrators' firm
- RSM
- Incorporated
- 2013-06-21
- Location
- Uxbridge
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
From the administrators' statement
Cateringperms com Limited (“the Company”) was incorporated on 21 June 2013 and operated as supplier of temporary labour to the hospitality and catering industry The Company was owned and controlled by its sole shareholder and director Mr Ashok Limbachiya (“the Director”) The Company continued the business previously carried on by Cateringtemps com Limited, which was placed into creditors’ voluntary liquidation on 8 August 2013 Insolvency practitioners from RSM Tenon (now Baker Tilly) handled that Liquidation and the Joint Administrators had no involvement with that matter Prior to beng instructed in this matter neither the Joint Administrators, PCR LLP nor any of its staff have had any dealings, professional, personal or otherwise with the Company or its sole director and shareholder
The Company has not filed statutory accounts and management accounts reflect a loss in the first year of trading Management accounts for the subsequent 6 month period to 31 December 2014 reflect a smaller loss before interest, tax, depreciation and amortisation (“EDITDA”)
As the Company had continued in occupation of premises previously occupied by Cateringtemps com Limited, a number of fiabilities had been unwittingly “adopted” and these have been settled out of working capital over the short period of trading This deprived the business of working capital and stifled the opportunity for growth The Director throughout this period has drawn a modest salary, but has also met certain personal fiabiltties out of Company funds and as a result has accrued a Director’s loan account balance in addition the Director was under pressure from the liquidators of Cateringtemps com Limited to settle certain obligations and ultimately was not in a position to continue to support the Company any longer Certain changes to the business and permanent staff structure that took place during 2014 indicate that the Company could be profitable in future
Administrators' statement of proposals (2015-03-09) · Companies House register