TRL Realisations Limited (09090602): administration
- Status
- Administration ended
- Administration began
- 2015-05-01
- Administrators
- Howard Smith, Jonathan Charles Marston
- Administrators' firm
- KPMG
- Formerly
- Torus Recruitment Limited
- Incorporated
- 2014-06-17
- Location
- Leeds
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Competition / price pressure
From the administrators' statement
The Company was incorporated in June 2014 and acquired the assets of Torus Supply Company Limited (“TSCL") out of Liquidation in September 2014 The Company commenced trading on 1 September 2014 and provided both temporary and permanent staff to the oil and gas industry Staff were supplied to both on and offshore industries mainly based in the UK
Asa result of the recent fall in the oil price, effecting the sector generally, the Company suffered from reduced demand for its staff and consequently increased cash flow pressure
At the date of our appointment the Company had nine employees
Administrators' statement of proposals (2015-07-03) · Companies House register