# YTM Group Limited (01605310)

> Why UK company 01605310 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01605310

- **Status:** Administration ended
- **Administration began:** 2019-02-14
- **Administrators' firm:** Begbies Traynor
- **Formerly:** Yorkshire Timber Manufacturing Limited; Inline Interiors Limited
- **Incorporated:** 1981-12-21
- **Location:** Leeds
- **Industry:** 31090 Manufacture of other furniture

## Why it went into administration

- Loss of a key customer, supplier or contract
- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

Background and Reasons for Financial Position

The Company was incorporated in 1981 and traded as a bespoke furniture manufacturer, operating from two sites in West Yorkshire.

The Company initially made contact with Simon Robinson of Rushtons Insolvency Limited (“Rushtons”) after a difficult trading year in 2018, ending with the loss of a major contract in December of that year. Rushtons subsequently contacted Begbies Traynor Group (“BTG”) on 4 February 2019 to assist in providing advice to the Company. At this time, a review of the Company’s financial position highlighted that the Company was cash flow insolvent and, if subjected to scrutiny, balance sheet insolvent as well. Also, with the recent loss of a farge contract, it was apparent that the business would find it difficult to trade profitably going forward.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01605310/filing-history/MzIzMTkyMjYyMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01605310

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