SDR Realisations 2024 Limited (09386642): administration
- Status
- Administration ended
- Administration began
- 2024-02-20
- Administrators' firm
- Azets
- Formerly
- Specialist Driver Resourcing Ltd; H&G Managed Services Ltd; Drive Personnel Managed Services Ltd
- Incorporated
- 2015-01-13
- Location
- Chandlers Ford
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Weak consumer demand
- Property / lease costs
- Rising interest rates
- Bad debts / customer insolvency
- Weather / natural events
From the administrators' statement
Specialist Driver Resourcing Ltd (“SDR”) was incorporated on 13th January 2015 and commenced trading on 1st December 2015. The company is 100% owned by its parent company Fair Oak Group Ltd which is in turn owned 50% each by Christopher Bryant and Simon Pritchard. The nature of business is an employment agency specialising in the HGV driving sector, and the company has a single client which owns several blue-chip brands.
Mr Bryant has worked in the HGV driver recruitment sector since 1985 and has held several senior roles with national recruitment companies in the past. As a result of a long and distinguished career in the sector, Mr Bryant has personal and professional relationships with many key suppliers and customers within the industry.
The affairs, business and property of the Company are being managed by the Administrator who acts as agent of the Company and without personal liability. Mr Pritchard is a chartered accountant by profession, although also has many years of experience specific to the HGV sector and joined the company with a view to assisting in the financial management of the business.
Administrators' statement of proposals (2024-03-19) · Companies House register