Conrec (Southwest) Limited (08717169): administration
- Status
- Administration ended
- Administration began
- 2019-01-04
- Administrators
- James Alexander Snowdon, John Anthony Dickinson
- Administrators' firm
- MHA
- Incorporated
- 2013-10-03
- Location
- London
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Weather / natural events
From the administrators' statement
4.4. In summary, the Director attributes the failure of the Company to:
. The absence of Director supervision due to long leaves of absence, including historic debt with HMRC building up. This was exacerbated by major mistakes being made in the accounts and payments, leading to accumulating penalties that went unpaid.
4.5. As such, though the Company had traded marginally profitably since 2015, large-scale bad debts and slow payment from the Company’s debtors meant that the Company could not keep up with the penalties and payments owed to HMRC. Consequently, on 12 November 2018, HMRC threatened the Company with a winding up order.
Administrators' statement of proposals (2019-01-24) · Companies House register