KFF Potatoes Limited (00415767): administration
- Status
- Administration ended
- Administration began
- 2016-04-22
- Administrators' firm
- RSM
- Formerly
- K.F.F.(Sales)Limited
- Incorporated
- 1946-07-24
- Location
- Leicester
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
- Rising costs / inflation
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are
summarised below
Profit and Loss Account Year End Year End Year End 30 June 2015 30 June 2014 30 June 2013 (Unaudited) (Unaudited) (Unaudited) Turnover 3,496,538 5,049,446 9,046,154 Cost of sales (2,590,081) (3,975,722) © (8,505,690) Gross profit 906,457 1,073,724 540,464 Other income 10,812 14,227 18,719 Administration costs (864,959) (958,555) (945,492) Operating profit / (loss) 52,310 129,396 (386,309) Interest payable (111) (2,944) (6,397) Net profit / (loss) §2,199 126,452 (392,706) Tax (paid) / refund (15,470) (30,620) 69,139 Profit / (loss) after tax 36,729 95,832 (323,567) Balance Sheet Year End Year End Year End 30 June 2015 30 June 2014 30 June 2013 (Unaudited) (Unaudited) (Unaudited) Tangible assets 175,205 212,466 258,055 Fixed assets 175,205 212,466 258,055 Current assets 814,990 1,154,535 2,293,978 Current liabilities (833,324) (1,230,823) (2,451,687) Net current liabilities (18,334) (76,288) (157,709) Deferred tax (3,964) : : Non-current liabilities (3,964) - - Net assets 152,907 136,178 100,346
Administrators' statement of proposals (2016-06-08) · Companies House register