A/P Recovery UK Ltd (10789485): administration
- Status
- Administration ended
- Administration began
- 2022-01-14
- Administrators
- Andrew James Pear, Richard Keley
- Administrators' firm
- Azets
- Incorporated
- 2017-05-25
- Location
- Crawley
- Industry
- 69201 Accounting and auditing activities
Why it went into administration
- Pension deficit
From the administrators' statement
The Company was incorporated on 25 May 2017 and it provided auditing services focussing on audits of suppliers and accounts payable to clients based in Europe, Asia and Africa. It traded from leasehold premises at Riverside Studios, Office F14, 101 Queen Caroline Street, London, W6 9BN. It employed nine members of staff of which the Manager is an American expatriate sponsored by the Company with a visa to work and live in the UK.
The Company has six directors; Chris Bower, Anthony Brush, Earl Dawson Caldwell III (“DCIII”), Earl Dawson Caldwell IV (DCIV”), John Evans and Charles Hagood Jr. Its shareholders are the same as its directors with the exception of John Evans. It is connected to a US company, AP Recovery Inc. (“US Corp”), which has some common directors and shareholders. The US Corp engages with and bills clients and the Company has no direct client relationships. The Company is dependent on the US Corp for its business insofar as the US Corp assigns clients to the Company.
The US Corp would assign clients for review based on geographical location. The analyst assigned will identify money due to the client by reviewing client accounts payable spend data within the US Corps’ proprietary software and calling the vendor for confirmation.
Administrators' statement of proposals (2022-01-21) · Companies House register