Eleventh Hour Medical Ltd (08741452): administration
- Status
- Administration ended
- Administration began
- 2018-10-01
- Administrators
- Nedim Patrick Ailyan
- Administrators' firm
- FRP Advisory
- Incorporated
- 2013-10-21
- Location
- Sidcup
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Creditor pressure / legal action
- Property / lease costs
From the administrators' statement
The Company was incorporated on 21 October 2013 when Ami Hayward was appointed the sole director. On 10 June 2014, Aymen Mekni was appointed a director but subsequently resigned on 7 July 2014. The issued share capital is 100 ordinary £1 shares, of which 50 shares are held by Ami Hayward and 50 shares are held by Aymen Mekni.
The Company's principal activity was that of Temporary Recruitment in the Nurses and Carers Sector and would supply temporary nurses to the public and private sector. Trading was carried on from rented premises at 11 Fore Street, Hertford SG14 1DE, which address also served as the registered office of the Company.
Funding was provided by way of a loan from White Oak UK together with a factoring agreement with Lloyds Bank Commercial Finance Ltd (“Lloyds”) who were granted a charge over the Company's assets dated 24 April 2015. A further factoring agreement was entered into on 30 August 2018 with Advantedge Commercial Finance Limited (“Advantedge”) who were also granted a charge over the Company’s assets, at which point the remaining amount due to Lloyds was discharged.
Administrators' statement of proposals (2018-12-04) · Companies House register