# TSM Realisations Limited (03065487)

> Why UK company 03065487 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03065487

- **Status:** Administration ended
- **Administration began:** 2012-02-22
- **Formerly:** Taybar Security Management Limited
- **Incorporated:** 1995-06-07
- **Location:** Walsall
- **Industry:** 7460

## Why it went into administration

- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

TSM Realisations Limited (formerly Taybar Security Management Limited) was incorporated in 1995 following Stephen Taylor and David Barlow purchasing contracts from a business known as CIS The company number is 03065487 The company trades as a security firm, under the trading name “Taybar Security Management” providing key holder, alarm callouts, mobile patrol, fixed term contracts for businesses

Turnover reached £2M, but reduced to £1 4M in 2010 and further in 2011 resulting in a reduction tn profitability and cash flow problems This, together with a bad debt of £246k from Lindasgrove Limited, a connected company in 2009, led the company to propose a Company Voluntary Arrangement, which was accepted by creditors in August 2011

The Company Voluntary Arrangement proposals indicated that preferential creditors would be patd in full and unsecured creditors would receive 40p in the £ over a 5 year period

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03065487/filing-history/MzA1NjI5ODE0OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03065487

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