Target Recruitment (Scotland) Limited (SC228002): administration and why it failed

Target Recruitment (Scotland) Limited (SC228002): administration

Status: Administration ended
Administration began: 2017-06-16
Administrators: Craig Johns, Jason Mark Elliott, Nick Brierley
Administrators' firm: Cowgill Holloway Business Recovery
Incorporated: 2002-02-12
Location: Central Region
Industry: 78200 Temporary employment agency activities

Why it went into administration

HMRC / tax arrears
Funding withdrawn / unable to refinance
Cash flow / liquidity pressure
Creditor pressure / legal action
Competition / price pressure
Sustained trading losses

From the administrators' statement

3.1

3.2

3.3

Administrators' statement of proposals (2017-07-12) · Companies House register

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Target Recruitment (Scotland) Limited (SC228002): administration

Why it went into administration

From the administrators' statement

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Target Recruitment (Scotland) Limited (SC228002)