# Future People Capital PLC (09385975)

> Why UK company 09385975 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/09385975

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/09385975/filing-history/MzE2Njc5NDMzM2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/09385975

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.