The troubled group had previously agreed an extension with Companies House and was due to file its accounts for the financial year ending 31 May 2021 by 31 May.
However, the accounts are still not filed and as of today are flagged as overdue on the system.
YM’s remaining subsidiaries not in administration – Lettershop and Go Direct Marketing – are also flagged as overdue.
Printweek understands that Paragon Group is still working on a deal to acquire Lettershop, with representatives on site in Leeds, but the deal has been complicated by the situation regarding YM Group’s structure and huge liabilities.
Last year YM Group CEO Stephen Goodman blamed a backlog at Companies House for filings for the then-£115m turnover business being more than a month overdue.
It subsequently emerged that the accounts, which included a material uncertainty note, were only signed off on 1 July and filed at Companies House on 3 July 2021.
YM Group’s three web offset sites: Pindar Scarborough, York Mailing and YM Chantry collapsed into administration at the end of March, leaving more than 500 people out of work.
The first reports from administrators at FRP Advisory state that YM backer Pricoa had ploughed £51m into the group before pulling the plug.
Pricoa’s loan notes sit in YM Group.
Printweek has approached Goodman for comment.
