Samba Partnership Limited (12197341): administration
- Status
- Administration ended
- Administration began
- 2023-08-01
- Administrators
- Jonathan James Beard, Francis Gavin Savage
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2019-09-09
- Location
- Brighton
- Industry
- 87900 Other residential care activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- COVID-19
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Rising costs / inflation
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Property / lease costs
From the administrators' statement
The Company was established in September 2019 by Zoe Vernon and Kim Collett (“the Directors”) to provide a range of services for young people aged 16-25. These include semi-independent transition placements staffed 24 hours a day, outreach with or without accommodation provided and step-down packages. The Company also provides staff teams for local authority properties. The Company provides placement accommodation for young people in three locations across Hampshire. The Company employees 13 members of staff (including the director).
The Directors both shared a passion of wanting to support young people in care.
The Company began to experience financial difficulties as a consequence of historic debt, primarily with HMRC, that arose as a result of Covid19 and the subsequent lockdowns. In addition, trading suffered as a result of a breakdown in relations between the two founding director/shareholders of the Company, culminating in Kim Collett resigning as a director on 13 May 2022. Whilst the Company had during 2023 operated profitably it was not at a sufficient level to enable the repayment of the historic debt. The Company entered into a Time to Pay (“TTP”) arrangement with HMRC with repayments of approximately £13,000 a month, which proved too tall an order, with the Company failing to make the June 2023 TTP payment. As a result, the Company experienced creditor pressure consisting of notification by HMRC that they intended to petition for the winding up of the Company.
Administrators' statement of proposals (2023-08-23) · Companies House register