Orka Works Ltd (11790747): administration
- Status
- Administration ended
- Administration began
- 2024-03-15
- Administrators
- Lisa Marie Moxon, Christopher Benjamin Barrett
- Administrators' firm
- Dow Schofield Watts
- Formerly
- Broadstone Employment Services Limited
- Incorporated
- 2019-01-28
- Location
- Warrington
- Industry
- 78200 Temporary employment agency activities
Why it went into administration
- HMRC / tax arrears
- Parent or group failure
- Cash flow / liquidity pressure
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was incorporated as Broadstone Employment Services Limited on 28 January 2019 with James Doyle, Thomas Pickersgill and Nicholas Groves appointed as directors. The issued share capital consisted of 100 ordinary shares, which are held by Orka Technology Group Ltd — {In Administration (”OTGL”).
The Company changed its name to Orka Works Limited on 15 November 2020 and commenced trading as part of a group of businesses that specialised in the provision of a recruitment technology platform for hiring, retaining, and managing compliance. The businesses trading within the group include the Company, Orka Technology Group Limited — in Administration (“OTGL), Orka Check Ltd ~ in Administration (“OCL”) and Orka Pay Ltd (“OPL”) (“the Group”).
The Company operated as a hiring marketplace connecting companies and workers on an ad hoc or permanent basis and had the largest revenue stream within the group, achieving revenue of £3.7m in 2023. The Company utilised the assets and employees of OTGL to deliver its services to clients.
Administrators' statement of proposals (2024-05-15) · Companies House register