CM Umbrella Ltd (08962829): administration
- Status
- Administration ended
- Administration began
- 2016-04-11
- Administrators' firm
- Leonard Curtis
- Formerly
- Copper Mountain Limited
- Incorporated
- 2014-03-27
- Location
- Preston
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Rising costs / inflation
- Creditor pressure / legal action
From the administrators' statement
31 The Company was Incorporated on 27 March 2014 and commenced to trade shortly after their Inception
32 The Company latterly traded from leasehold premises at Red Hill House, Saltney, Chester, CH4 8BU
33 The Company provided umbrella employment and payroll services to workers ordinanly employed by recruitment agency clients After receiving payment from the employment agency, including expenses, the Company would deduct tax and national insurance contnbutions {“NIC") before paying each employee through the PAYE system Previous legalisation allowed for a deduction from taxable income and a deduction from earnings for NICs for travel and subsistence expenses incurred for and during travel from home to a temporary workplace The Company would calculate these savings to adjust each employee’s payments accordingly A proportion of the total contnbutions saved were then deducted as payment to the Company for their services
Administrators' statement of proposals (2016-06-14) · Companies House register