# PRG Recruitment LLP (SO301788)

> Why UK company SO301788 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/SO301788

- **Status:** Administration ended
- **Administration began:** 2016-08-16
- **Administrators:** Paul Dounis
- **Administrators' firm:** RSM
- **Formerly:** Regenesis Consulting LLP
- **Incorporated:** 2008-03-10
- **Location:** Edinburgh

## Why it went into administration

- Cash flow / liquidity pressure

## From the administrators' statement

Brief background

The Partnership traded as recruitment consultants, operating mainly in the accounting and legal sector from two locations, Glasgow and Edinburgh. At the date of administration there were circa 22 full-time employees.

The Partnership faced cash flow difficulties following the closure of its Aberdeen office in April 2015. The sole member took steps to return the Partnership to profitability by effecting redundancies which reduced the work force by 50% during 2015; further restrictions were placed on staff attending training courses and business development expenditure was restricted.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/SO301788/filing-history/MzE1OTQyMzQ2N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/SO301788

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.