Parker Rose Recruitment Ltd (10931627): administration
- Status
- Administration ended
- Administration began
- 2022-04-27
- Administrators' firm
- FRP Advisory
- Incorporated
- 2017-08-24
- Location
- Brentwood
- Industry
- 78109 Other activities of employment placement agencies
Why it went into administration
- COVID-19
- Over-expansion / investment not recovered
- Competition / price pressure
From the administrators' statement
The Company was formed in August 2017 by the directors and shareholders Stephen Lock and Michael Dodsworth to be an agency for social workers around the UK. The company operated from two offices based in Kent and Ipswich and operating with 11 employees.
The Company traded profitably and grew to become one of the leading agencies in the field in which they operated.
To assist with cash flow the Company secured an invoice discounting facility with Investec Capital Solutions No.1 Limited in May 2018 and latterly Bibby Financial Services Ltd in August 2019.
Administrators' statement of proposals (2022-06-28) · Companies House register