NCRQ Ltd (09063141): administration
- Status
- Administration ended
- Administration began
- 2022-10-25
- Administrators
- Paul Stanley, Jason Dean Greenhalgh
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2014-05-30
- Location
- Liverpool
- Industry
- 85421 First-degree level higher education
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Regulatory change or action
- Competition / price pressure
From the administrators' statement
The following has been provided by the director of the Company:
NCRQ Lid was incorporated in 2014. It was established as an online training organisation to deliver an occupational health and safety qualification that had been developed and created by the founding director and shareholder, lain Evans. lain was a leading expert in occupational health and safety, having been Head of Legal and Enforcement at the Health and Safety Executive and one of HM Principal Inspectors of Health and Safety for many years.
The Company is owned by Kreill Limited, a holding company. Initially small amounts of non-voting shares were given to subject matter experts and non-executive directors in lieu of payment. There were eventually redeemed or purchased back from them. The organisation was wholly funded from loans from the director lain Evans. With the exception of a small Covid loan, the Company has existed without any other funding.
Administrators' statement of proposals (2022-12-13) · Companies House register