# IB2K Limited (04333984)

> Why UK company 04333984 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04333984

- **Status:** Administration ended
- **Administration began:** 2014-02-07
- **Administrators' firm:** Begbies Traynor
- **Incorporated:** 2001-12-04
- **Location:** Leeds
- **Industry:** 85410 Post-secondary non-tertiary education

## Why it went into administration

- HMRC / tax arrears
- Creditor pressure / legal action

## From the administrators' statement

We were approached by the Company's bankers HSBC Bank Plc (‘the Bank”) in early February 2014 to review the affairs of the Company, following a Company Voluntary Arrangement (“CVA’) that had been proposed by the Company Directors, and which, prior to any meeting to hear the Directors’ proposals, the Company's major creditor, H M Revenue & Customs (“HMRC”), issued a winding up petition

Following this review and subsequent discussions with the Company's Directors and the Bank, it was agreed that the most appropnate course of action would be to place the Company into administration as a CVA was no longer viable, gven HMRC's stance

-3As HMRC had applied for the Company to be wound up, with the court heanng to take place in London on 10 February 2014, an administration application was made by Philip Beadnall, one of the Company's Directors, to the High Courts of Justice in Leeds, in order to protect value in the Company's major assets, 1e tts freehold properties at 4-6 and 8 Victoria Road, Bndlington

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04333984/filing-history/MzA5Nzg3NTg3OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04333984

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