Atlas Personnel to be wound up at creditors' meeting
Published 13/02/2010 | 05:00
ONE of the country's oldest recruitment agencies, Atlas Personnel Group, is set to wind itself up at a creditors' meeting.
Legal notices show Atlas is planning to appoint Kavanagh Fennell's David van Vessel as liquidator at a creditors' meeting on February 25.
The recruitment firm's phone rang out yesterday, and a recorded message said its voicemail was full. Industry sources expressed surprise at Atlas's demise.
"In general, things have started to pick up since the start of 2010," said Frank Collins, chairman of the National Recruitment Federation which counts Atlas among its members.
"Any firms I've spoken to have said they're seeing extra demand."
Mr Collins added, however, that 2009 had been a "disastrous" year for the recruitment industry.
"Agencies would have seen their business down 30, 40, 50pc," he said. "About 4,500 people lost their jobs in recruitment between the end of 2008 and 2009."
Founded in 1967, Atlas is one of Ireland's most established recruitment agencies and is one of the larger players in the sectors.
It specialises in accountancy and finance and office support, serving both the contract and permanent market.
The last filed accounts for Atlas show accumulated profits of €148,000 at June 2008, down more than €120,000 year-on-year.