# Beam Structural Services Limited (02610752)

> Why UK company 02610752 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02610752

- **Status:** Administration ended
- **Administration began:** 2011-04-04
- **Administrators' firm:** Baker Tilly Restructuring and Recovery
- **Formerly:** Claimassist Limited
- **Incorporated:** 1991-05-15
- **Location:** Leeds
- **Industry:** 4525

## Why it went into administration

- Funding withdrawn / unable to refinance
- Sustained trading losses

## From the administrators' statement

Beam Structural Services Limited also trading as BSS (March) (“Beam”, or, “the Company”) was incorporated on 15 May 1991 changing its name to the current style shortly thereafter The Company operated from leasehold premises at 2 Foundry Way, March, Cambridgeshire, PE1S OWR

The Company had two pmncipal lines of business, project work under JCT type contracts (including design, fabrication and steel erection) and steel fabrication work.

The Company experienced steady growth following incorporation with reported turnover levels increasing by some £37 million during the first 6 years of trading. However, the Company began to experience cash difficulties after incurring trading losses in 2008 and 2009 Difficulties were compounded as a result of the downturn within the industry caused by the recession Cash reserves were becoming increasingly stretched during the first quarter of 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02610752/filing-history/MzAzNzQxODI0NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02610752

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