CDS Labour (Agriculture) Ltd (11333196): administration
- Status
- Administration ended
- Administration began
- 2024-03-14
- Administrators
- Yiannis Koumettou, Amie Johnson
- Administrators' firm
- Begbies Traynor
- Formerly
- CDS Labour (Spalding) Ltd
- Incorporated
- 2018-04-27
- Location
- Northampton
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
- Weak consumer demand
- Rising costs / inflation
- Energy costs
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Brexit
From the administrators' statement
The Company was incorporated in April 2018 has been trading since September 2020. It operates as a labour agency, regulated by the Gangmaster & Labour Abuse Authority (GLAA).
The Company is a nationwide provider of personal including van drivers, lorry drivers, farmworkers, packers, pickers, trades people and administration staff, predominantly operating in the agricultural industry. It also operates as far north as Aberdeen and as far south as Kent, although its main concentration of work is in the Lincolnshire area where it supplies labour to all the main food production companies and larger farmers. In many cases the Company also provides accommodation for the workers which is sourced through an associated company and then re-charged to the Company. A similar charging system is in place for vehicle rentals and associated costs.
The Company currently employs 54 full time staff and up to 600 contract labour staff on a zero-hour contract basis; at present there is circa 300. Carl David Steele is the sole director and shareholder and is responsible for the overall management of the operation. The Company trades from The Office, Chapel Farm, Hop Pole Spalding, Lincs, PE11 3DS and has several office addresses throughout this country and abroad, though these are mainly accommodation addresses, and the Company is not a party to the lease of any of the same. The Company quickly built up an excellent reputation in the industry which resulted in solid market growth in its early years, with turnover increased from £1.8 million per annum for the accounting period 1 May 2019 to 31 December 2020 to £8.1 million per annum for the year ended December 2021.During this time, the Company maintained payment in respect of its liabilities.
Administrators' statement of proposals (2024-04-03) · Companies House register