TSO Labour Limited (10168491): administration
- Status
- Administration ended
- Administration began
- 2019-07-04
- Administrators
- Katy Mcandrew, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2016-05-07
- Location
- Manchester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated on 7 May 2016 and commenced to trade on 25 November 2016, following the purchase of the business and assets of Traffic Safety Officer Services Limited, from its Administrators.
The principal trading activity of the Company was the supply of labour including all levels of traffic management operatives from traffic safety and control officers to LANTRA (National Training Organisation for the Land Based Industries) qualified one day operatives.
The Company was funded by way of an Invoice Finance Agreement with Close. Close also holds security by way of a Debenture incorporating Fixed and Floating Charges over the Company's assets, created on 1 December 2016 and registered on 13 December 2016.
Administrators' statement of proposals (2019-08-14) · Companies House register