Halls Group Limited (00302482): administration
- Status
- Administration ended
- Administration began
- 2011-07-12
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Halls Precasters Limited; Precasters Limited
- Incorporated
- 1935-07-01
- Location
- Bishop's Stortford
- Industry
- 5113
Why it went into administration
- Sustained trading losses
- Competition / price pressure
From the administrators' statement
Extracts from the company’s statutory financial statements and management accounts are summarised below
Year End Turnover Profit / Directors’ Net Assets/ (Loss) Remuneration (Liabilities) Management Accounts Period to 12/07/11 1,300,504 (76,286) 18,087 (1,611,600) 12 Months to 31/12/10 2,274,372 (448,949) 74,010 (1,535,316) Statutory Accounts 12 Months to 31/12/09 5,126,941 (758,823) 89,484 (1,086,365) 12 Months to 31/12/08 5,776,882 (291,701) 112,479 (327,542) 9 Months to 31/12/07 (26,867) 102,655 (35,841) 12 Months to 31/03/07 *2,255,430 407,946 2,485,441 12 Months to 31/03/06 (256,930) 327,064 348,760
• In the period to 31 March 2007 extraordinary profit of £2,085,855 arose due to a gain on the sale of the shares in a subsidiary During this year the shares held by Mr T W Hall and Mrs V J Hall were purchased back by the company for £2,482,000 on their retirement as directors. The number of shares purchased was 31,832 which represented 83 8% of the called up share capital at that time.
Administrators' statement of proposals (2011-09-08) · Companies House register