# Yarrum RS Limited (04447697)

> Why UK company 04447697 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/04447697

- **Status:** Administration ended
- **Administration began:** 2011-05-11
- **Administrators' firm:** FRP Advisory
- **Formerly:** Middletonmurray Recruitment Solutions Limited; Middleton-Murray Recruitment Solutions Limited
- **Incorporated:** 2002-05-27
- **Location:** Warley Hill Business Park
- **Industry:** 7450

## Why it went into administration

- HMRC / tax arrears
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

YRSL traded in the recruitment of temporary and permanent employees into a generalist market The business initially traded from small premises for the first 5 years of trading, and then later moved to larger premises at MiddletonMurray House in Sidcup, Kent in December 2007 on a 12 year lease The Company used funding obtained via a loan from Coutts & Co and from the various leases In order to fund substantial refurbishing of the new trading premises

Average annual sales grew in the first few years by 100% and then remained at around £2m until 2010, when turnover grew significantly due to increased business with temporary staff Gross profit was around 50% for the first few years, however from 2007, this reduced dramatically to c.15% due to a decrease in the lucrative permanent placements and more business being done with temporary placements

The Company had a varied client base including a number of very small companies with irregular demand, some intermediary providers, and two larger chents with regular demand YRSL’s three largest cltents accounted for 80% of the business volume

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/04447697/filing-history/MzA0MDExNzk1MmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/04447697

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