Young Apprentice will reportedly only run for one more series.

The reality TV show centres around a group of twelve young people, aged 16 and 17, who spend the duration of the series battling to win a £25,000 prize from the British business magnate Lord Sugar.

Two series of the show have already aired on BBC One, with 17-year-old Arjun Rajyagor taking the prize fund in 2010 and Zara Brownless walking away with the cash in 2012.

A third series is expected to air later this year, however insiders claim it will be the last one, telling The Sun:

“Lord Sugar is passionate about encouraging kids to become entrepreneurs but he won’t be doing more.

“He hasn’t got time to do it and neither have Karren Brady or Nick Hewer. Everyone is very proud of it but that’s it for the foreseeable future.”

The last run of the junior series is expected to return to TV screens this October and the decision to axe the format going forward is believed to be based on the ratings, after the show attracted less than half the viewers than usually watch the adult version earlier in the year.

Thankfully, despite some claims that the whole Apprentice format was ‘tired and old’ last year, Sugar has signed up for more series of The Apprentice with the BBC.

Karren Brady and Nick Hewer will also be back and the 2013 series will be filmed later this year.

Will you miss Young Apprentice? Leave your comments below…