# B-N Group Limited (03653243)

> Why UK company 03653243 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03653243

- **Status:** Administration ended
- **Administration began:** 2024-03-21
- **Administrators:** Christopher Robert Pole, William James Wright
- **Administrators' firm:** Interpath Advisory
- **Formerly:** Timecraft Limited
- **Incorporated:** 1998-10-21
- **Location:** Birmingham
- **Industry:** 30300 Manufacture of air and spacecraft and related machinery

## Why it went into administration

- COVID-19
- Creditor pressure / legal action
- HMRC / tax arrears
- Sustained trading losses
- Weak consumer demand
- Funding withdrawn / unable to refinance
- Parent or group failure

## From the administrators' statement

B-N Group Limited was incorporated on 21 October 1998. The Company was the parent of the Group.

3.2 Funding and financial position of the Company

The Group was impacted by the challenging trading conditions experienced since the commencement of the Covid-19 Pandemic. Compared to the period before the Covid-19 Pandemic, the Group experienced a reduction in demand and consequently sales, and a significant increase in its cost base.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03653243/filing-history/MzQxNzc2MTQ1MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03653243

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