Staffsmart International (LLC) Limited (FC028488): administration
- Status
- Administration ended
- Administration began
- 2012-10-12
- Administrators' firm
- MR Theodoulos Papanicola of Bond Partners
- Incorporated
- 2008-07-24
- Location
- Cheyenne
Why it went into administration
- Loss of a key customer, supplier or contract
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
I established that the Company was incorporated in the United States of America (USA) on 24" July 2008 and registered under schedule 21A of the Companies act 1985 as having established a branch in England and Wales on 30" July 2008. I was informed that it was initially believed to be tax efficient for the company to be structured im this manner although it subsequently transpired that the administrative obligations were more onerous than initially envisaged and outweighed the benefits.
The Directors at the time of incorporation were KB and LLC Managers Limited, LLC Managers Limited resigning from the appointment on the same day. Michael Paul Chinn (MC) was subsequently appointed director on 9" October 2008 and resigned from this position on 16" October 2009
MW advised that the company employed circ 250 staff and supplied labour to between 10 and 15 clients predominantly in the Lincolnshire area. He believed the client base had essentially been established by MC.
Administrators' statement of proposals (2012-12-11) · Companies House register