Instruct PAY Ltd (11117307): administration
- Status
- In administration
- Administration began
- 2022-12-09
- Administrators
- Alex David Cadwallader, Neil A Bennett
- Administrators' firm
- Leonard Curtis
- Formerly
- Cadence Logic Ltd
- Incorporated
- 2017-12-19
- Location
- London
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Pension deficit
From the administrators' statement
The Company was incorporated on 19 December 2017. The current director and sole shareholder is Keith Page. The Company's registered office and trading address is 31b Watling Avenue, Edgware, Middlesex HA8 OLF. The Company's main activity is the provision of payroll services to temporary recruitment agencies. The Company had 41 employees comprising 4 employees that work on the provision of payroll services and 37 employees on
zero-hour contracts that undertake work on behalf of the Company's clients.
We understand that the Company commenced trading in mid-2019. its customer base was temporary recruitment agencies paying operatives in the construction industry. The Company's trading suffered as a result of the impact
Administrators' statement of proposals (2023-01-11) · Companies House register