# Yarrum BS Limited (06614317)

> Why UK company 06614317 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06614317

- **Status:** Administration ended
- **Administration began:** 2011-05-11
- **Administrators:** Glyn Mummery, Darren Wilson
- **Administrators' firm:** FRP Advisory
- **Formerly:** Middletonmurray Business Solutions Limited
- **Incorporated:** 2008-06-09
- **Location:** Warley Hill Business Park
- **Industry:** 7487

## Why it went into administration

- HMRC / tax arrears
- Sustained trading losses

## From the administrators' statement

YBSL had traded in training and events since June 2008 from trading premises at MiddietonMurray House, Sidcup, Kent The principal trading activity of YBSL was training and event management with the primary focus of developing new business ideas, which in turn, would be sold on It was intended to be a break even business, generating other profit making businesses

Average annual sales grew in 2009 to c. £1m and 75% of this was generated by revenue from the training aspect of the business YBSL won an early contract with the Department for Work and Pensions to deliver training to a variety of job seekers referred to the Company by the job centre This initially proved lucratve and the profit was used to fund another business idea, being an events business, further details of which are provided below

The other area of the business was the delivery of networking events as referred to above The Company purchased ‘eases on private boxes and entertained potential clients in return for a fee The intention was to generate sufficient income to cover the costs of these leases whilst gaining opportunities for the other businesses wa the networking. The leases proved extremely onerous however, and demand was not sufficient to cover costs.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06614317/filing-history/MzA0MDczOTMzMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06614317

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