B360 Limited (10246481): administration
- Status
- In administration
- Administration began
- 2025-06-11
- Administrators
- Julie Anne Palmer, Andrew Hook
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2016-06-22
- Location
- Salisbury
- Industry
- 59113 Television programme production activities
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 22 June 2016 by Barry Denison and provided production services such a lighting, rigging and power solutions in the live television and event industries. The Company’s services were largely categorised into four areas: permanent installation, temporary installation, dry hire and power generation / distribution.
The Company experienced significant growth, evidenced by the increase in turnover from £3,085,430 for the year ended 30 June 2022 to £4,025,054 for the year ended 30 June 2023. Profit after taxation also increased from £143,167 for the year ended 30 June 2022 to £305,278 for the year ended 30 June 2023.
The Company first began to experience financial difficulty in 2024 due to the unexpected loss of a c£1million ‘project, which had an estimated profit of cE300,000. This left the Company with a significant cash deficit as it had planned to utilise the profit from the project to fund the Company’s bespoke hybrid generator, which was - already ordered and in production when the project was lost.
Administrators' statement of proposals (2025-07-31) · Companies House register