Sewell Wallis Ltd (10546357): administration
- Status
- Administration ended
- Administration began
- 2018-11-01
- Administrators
- Sean Williams, Philip Deyes
- Administrators' firm
- Leonard Curtis
- Formerly
- JPK Business Services Limited
- Incorporated
- 2017-01-04
- Location
- Leeds
- Industry
- 78300 Human resources provision and management of human resources functions
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Property / lease costs
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 4 January 2017 as JPK Business Services Limited and later changed its name to Sewell Wallis Limited on 17 February 2017. The Company commenced trading on 14 February 2017, following the purchase of the business and assets of SRG by way of a pre-packaged sale.
The Company trades from serviced premises situated at Regus 7th Floor, The Balance, Sheffield S1 2GU and Prospect House, 32 Sovereign Street, Leeds LS1 4BJ. The principal trading activity of the Company was operating in the permanent, contracting and temporary recruitment sectors specialising in Accountancy and Finance roles, with some HR and Business Support opportunities for candidates.
The Company was funded by way of an invoice finance facility provided by Close Brothers Limited (“Close”), who hold security by way of a debenture, incorporating Fixed and Floating Charges over all assets, created on 14 February 2017.
Administrators' statement of proposals (2018-12-04) · Companies House register