Swets Information Services Limited (00165100): administration
- Status
- Administration ended
- Administration began
- 2014-10-09
- Administrators
- Matthew Richard Meadley Wild, David Ronald Taylor
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Swets Blackwell Limited; B.H.Blackwell,Limited
- Incorporated
- 1920-03-11
- Location
- Guildford
- Industry
- 58142 Publishing of consumer and business journals and periodicals
Why it went into administration
- Funding withdrawn / unable to refinance
- Parent or group failure
From the administrators' statement
Relevant extracts from the company’s audited financial statements and management accounts are summarised below
Profit and Loss Account Draft Audited Year Ended Year Ended 31 12 13 311212 £7000 £7000 Tumover 77,261 94,090 Cost of Sales (73,235) (88,790) Gross Profit 4,026 5,300 Administrative Expenses _ (2,881) (3,8887) Operating Profit 1,145 1,413 Interest and Charges 115 145 Profit Before Tax 1,260 1,558 Balance Sheet 3112 13 311212 £7000 £7000 Fixed Assets 2,851 2,880 Current Assets 74,601 95,193 Amounts Due Within One Year (69,043) (90,488) Net Current Assets 5,558 4,705 Amounts Due After One Year (54) (140) Net Assets 8,356 7,445 Called Up Share Capital 424 424 Profit and Loss Account 7,932 7,021 Shareholders’ Funds 8,356 7,445
Administrators' statement of proposals (2014-12-12) · Companies House register