Nakama puts Australian business into liquidation; says London head to resign

14:02 11/07/2018 - Recruitment agency Nakama Group said it had placed its Australian business into liquidation after losses mounted.

At a group-wide level, trading during the first three months of the financial year had been flat, the company said.

Nakama said it had seen a return to profitability in a number of its subsidiaries, but not at its Melbourne-based unit in Australia.

It was currently in the process of appointing a liquidator to assist with the wind-up process.

The liquidation would reduce the group's Australian tax liabilities by about A$190k.

Nakama also announced that Paul Goodship had resigned as managing director of the company's London business. He would remain with the group until later in the year, but would step down from the board with immediate effect.

Chief executve Andrea Williams, who was currently based in Dubai, would be relocating back to the UK in September to focus on growing the business there.

'I have had the pleasure of founding and working in the Nakama business for nine years and will follow its successes with interest,' Goodship said.

'I am fully supportive of the CEO and board on their plans for the future and would like to thank them and all of the broader Nakama family for all their efforts and support during my tenure.' At 2:02pm: (LON:NAK) Nakama Group PLC share price was 0p at 0.9p

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