Platform People LLP (OC371183): administration
- Status
- Administration ended
- Administration began
- 2015-11-12
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2012-01-04
- Location
- Preston
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
From the administrators' statement
The LLP was a recruitment business, operating within a highly specialised niche market, providing IT project managers to the high net worth (CHNW”’) departments of large, blue chip life and pension Management companies The LLP provided assistance when the software portals that summanse investments to the HNW customers need adapting to take into account tax, rules and regime changes
The LLP was tnitially funded through sales ledger asset based lending provided by Bibby Financial Services Limited (“Bibby"), with a personal guarantee provided for £50,000 from Christopher Hitchens The Business recently had pension led funding in place from September 2015 Morgan Lloyd Trustees Limited, Judith Hitchen and Chnstopher Hitchen as Trustees for the LLP pension scheme registered a second debenture against the LLP to assist with cashflow.
The Business also traded with a start up associated company, Cougnition Limited, as benefit was seen by the Members in supporting Coignition Limited as an investment which would then be realised and ultmately generate a return for the LLP Further informaton with regards to Coignition Limited is detailed at 5 4 below The LLP also hired office equipment from another associated company, Financial Services Group Limited
Administrators' statement of proposals (2015-12-10) · Companies House register