Diamond Recruitment Services Ltd (09534794): administration
- Status
- Administration ended
- Administration began
- 2017-09-01
- Administrators' firm
- Neit Davies & Partners
- Incorporated
- 2015-04-09
- Location
- Sheffield
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- HMRC / tax arrears
- Funding withdrawn / unable to refinance
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The information provided in this section is based upon Company records and information provided by the director and shareholders of the Company, the accuracy of which the Joint Administrators are unable to vouch for. The Joint Administrators cannot therefore be held personally liable for any errors or misstatement of fact contained therein.
As creditors may be aware, the origins of the business date back to 2008 when it traded as a franchise of 247 staff. To this end, a company named Diamond Recruitment Services Limited (‘Diamond Limited”) was incorporated on 15 February 2008. Diamond Limited continued to trade up to November 2012, at which time it entered into Administration with Irwin & Company, as a consequence of debts due to HMRC. The business and assets of Diamond Limited were purchased by the then management, for a sum of £25,000, via a newly incorporated business named Maytree Recruitment Limited (“Maytree’).
The Joint Administrators understand that between 2012 and 2014 Maytree traded as ‘Diamond Recruitment’ and in June 2014, Maytree entered into a Company Voluntary Arrangement (“CVA”) supervised by FA Simms
Administrators' statement of proposals (2017-09-21) · Companies House register