# Parker Rose Recruitment Ltd (10931627)

> Why UK company 10931627 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/10931627

- **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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/10931627/filing-history/MzM0MzUwOTE1NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/10931627

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.