# VM Corp. Ltd (06796547)

> Why UK company 06796547 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06796547

- **Status:** Administration ended
- **Administration began:** 2012-11-26
- **Formerly:** Pound OR 2 & A BIT More Limited
- **Incorporated:** 2009-01-20
- **Location:** London
- **Industry:** 47190 Other retail sale in non-specialised stores

## Why it went into administration

- Creditor pressure / legal action
- HMRC / tax arrears
- Property / lease costs
- Sustained trading losses

## From the administrators' statement

The Company was formed in January 2009 and a tenancy agreement in respect of the South Harrow premises was entered into by the Company in October 2009 though the unaudited financial statements for the period from incorporation to 31 January 2010 indicated no trading activity

The financial statements from 1 February 2010 to 31 March 2011 provided encouraging levels of turnover in excess of £1 38 million, but the Company earned only a small net profit of £6,890

With the continuing support of QIB, the management were keen to expand the business and sought new premises In the West and North London areas and further tenancy agreements were agreed with landlords at the Hayes and Watford premises in 2010 and finally, the Hounslow premises in 2011

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06796547/filing-history/MzA3MTY4ODAwMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06796547

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