Two more Vital companies fail
TWO more companies owned by Salford recruitment group Vital Services have gone into administration.
Software firm Sicura Systems and Vital Technology are the latest group businesses to be put into the hands of administrators at Deloitte in Manchester.
Seven companies, including Vital Services Group, were acquired by Salford-based industrial recruitment group Morson earlier in the month through a pre-packaged administration.
Sicura, Vital Technology and the apprentice training arm Vital Skills Training were left out of that deal. Talks are ongoing over the future of Vital Skills which has around 200 apprentices on its books.
Vital Technology is owned by the Vital Services Group but Sicura is based in Basingstoke and has other shareholders. Vital holds 70% of the shares while Harold Trunley, Emiliano Roberti and Vincenzo Roberti each have 10%.
It is not known how many staff are employed by the companies. The administrators could not be reached for comment.
The most recent filed accounts for the year to December 2011 show Vital made a pre-tax loss of £600,000 on revenue of £76.9m. Earlier that year it agreed a £20.9m refinancing package with the French bank Credit Agricole Commercial Finance. The company was owned by Keygulf Ltd which is in turn owned by the Monaco-registered General Trust Company, the family trust of founder John Smith.
