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SFP COMPLETES SALE OF ROUNDRULE LIMITED

SFP COMPLETES SALE OF ROUNDRULE LIMITED

SFP, the nationwide insolvency practitioners, has completed the sale of Roundrule Limited’s assets after the firm went into administration.

Based in Slough, Berkshire, Roundrule is a recruitment agency employing four people and has an estimated turnover of &pound1.7 million.

The firm encountered financial difficulties and SFP’s Simon and Daniel Plant – both licensed members of the Insolvency Practitioners’ Association (IPA) – were appointed Joint Administrators on 13th December 2011.

Simon Plant, Group Partner at SFP says: “The recruitment sector evidently remains under pressure with the number of unemployed growing and the number of available jobs falling,” he says. “This inevitably puts a squeeze on a sector that is always competitive, even in a more benign environment.

“Following discussions with a number of interested parties, a sale of the business and assets was successfully completed on Friday December 16th to EDC Europe Limited.”

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