OPX Recruitment Limited (08774144): administration
- Status
- Administration ended
- Administration began
- 2024-06-12
- Administrators' firm
- Leonard Curtis
- Formerly
- OPX Personnel Limited; Opex Personnel Limited; Second Tier Support Ltd
- Incorporated
- 2013-11-13
- Location
- Bristol
- Industry
- 52219 Other service activities incidental to land transportation, n.e.c.
Why it went into administration
- COVID-19
- Supply chain disruption
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
The Company was incorporated in November 2013 as Second Tier Support Ltd. The Company was set up to operate as a supply chain recruitment business, providing temporary and permanent staffing solutions to support operational skills fulfilment.
The Company was based in Swindon and established a good customer base, including supermarkets and other large retailers, and enjoyed several years of fairly profitable trading and business growth.
In February 2017, the Company diversified into the logistics sector and the subisduary operation STS Retail Limited was established as a haulage business. The group subsequently went through a rebrand and the Company became known as OPEX Personnel Limited.
Administrators' statement of proposals (2024-07-18) · Companies House register