# D.R.B. Management Limited (04081078)

> Why UK company 04081078 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04081078

- **Status:** Administration ended
- **Administration began:** 2015-02-06
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2000-09-29
- **Location:** Birmingham
- **Industry:** 85600 Educational support services

## Why it went into administration

- HMRC / tax arrears

## From the administrators' statement

The Company provided strategic financial management services to schools, academies and governing bodies in the West Midlands It was founded in October 2000 in response to an ever-increasing demand from schools for independent financial management support A team of committed professionals from within the public and private sectors were employed to meet this need and to provide a consistent level of service

The Company traded successfully for ten years and was able to manage its cash flow on minimal working capital and banking facilites However, since 2010, the cash flow profile changed and more schools began paying in arrears on a monthly basis This meant the Company required working capital

Regrettably, business did not grow as anticipated and, although a profit was being made, It was not sufficient to build up a realistic working capital resource

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04081078/filing-history/MzEyMDk2NDg2MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04081078

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