# Swets Information Services Limited (00165100)

> Why UK company 00165100 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/00165100

- **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- Funding withdrawn / unable to refinance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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/00165100/filing-history/MzExMzM1NDQ3M2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/00165100

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.