Future People Capital PLC (09385975): administration
- Status
- Administration ended
- Administration began
- 2016-11-17
- Administrators
- Paul David Williams, Geoffrey Wayne Bouchier
- Administrators' firm
- Kroll
- Formerly
- CIP Recruitment Capital PLC
- Incorporated
- 2015-01-13
- Location
- London
- Industry
- 70221 Financial management
Why it went into administration
- HMRC / tax arrears
- Competition / price pressure
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
Statutory information on the Companies and a summary of their financial history 1s included at Appendix 1
The Companies specialise in recruitment and manpower services for temporary and permanent staff At the time of the Joint Administrators’ appointment, c 1,400 staff were employed with the vast majority of these staff being temporary staff who had been hired in order to fulfil clhent contracts
The main trading entities are Recruitment Services and Recruitment Solutions, which hold contracts with the NHS, Compass Group and G4S Security, amongst others
Administrators' statement of proposals (2017-01-17) · Companies House register