Vidruma Technologies Ltd (08526052): administration
- Status
- Administration ended
- Administration began
- 2025-10-31
- Administrators
- Kevin James Wilson Weir
- Administrators' firm
- Green File Accountants
- Incorporated
- 2013-05-13
- Location
- London
- Industry
- 62012 Business and domestic software development
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Rising costs / inflation
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
From the administrators' statement
From early 2023, Vidruma Technologies Ltd began to experience increasing operational and financial pressures arising from the management of multiple small projects with limited resources. The Company’s cost base,particularly payroll and administrative expenses expanded beyond sustainable levels, while project delays and late customer payments placed additional strain on working capital. Despite efforts to stabilise operations and secure new client contracts, cash flow remained constrained, leading to mounting liabilities, particularly in respect of HMRC for VAT, PAYE, and National Insurance Contributions.
In June 2025, Mr Bramhaiah Vankayalapati was appointed as Director and sole shareholder, succeeding Ms Nazma Shaik. On review of the financial position, the Director identified that HMRC arrears had accumulated to approximately £340,000.00. A Time to Pay proposal was submitted, offering an initial deposit and monthly instalments over a 20-month period; however, HMRC rejected this in favour of full repayment within six months, which the Company was unable to meet.
Subsequently, HMRC presented a winding-up petition against the Company on 29 August 2025, with a hearing listed for 15 October 2025. Legal advisers, Trowers & Hamlins LLP, were engaged to assist with an application for Administration, and HMRC were formally notified of the Company’s intention to seek an Administration Order. HMRC confirmed they would support an adjournment the petition to allow this process to proceed and raised no objection to the proposed pre-packaged sale strategy.
Administrators' statement of proposals (2026-01-07) · Companies House register