Hultons (Landscapes) Limited (00942210): administration
- Status
- Administration ended
- Administration began
- 2018-03-12
- Administrators
- Christopher Ratten, Lindsey J Cooper
- Administrators' firm
- RSM
- Formerly
- M.J.Hulton Limited
- Incorporated
- 1968-11-12
- Location
- Manchester
- Industry
- 43390 Other building completion and finishing
Why it went into administration
- Funding withdrawn / unable to refinance
- HMRC / tax arrears
- Bad debts / customer insolvency
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are
summarised below.
Mgn Accounts Statutory Accts Statutory Accts Period ended Period ended Period ended 30 September 2017 30September 2016 30 September 2015 6 Month Period Profit and Loss Account Turnover 8,879,671 5,921,764 2,338,274 Cost of Sales (7,616,595) (4,572,388) (1,733,895) Gross Profit / (Loss) 1,263,076 1,349,376 604,379 Adrinistrive Expenses (1,443,259) (980,962) (444,235) Exceptional administrative expenses (84,436) (236,837) (128,280) (1,217,799) (572,515) Operating Profit/loss (264,619) 131,577 31,864 Interest received 3 11 Interest Payable (159,747) 106,352) (40,706) Profit(Loss) on Ordinary Activites Before Taxation (424,366) 25,228 (8,831) Tax on profit / (loss) on ordinary actrvites - 767 - Profit for Financial Year (424,366) 25,995 8,831 Balance Sheet Fixed Assets Tangible - 532,351 192,946 Current Assets Stocks - 79,881 43,227 Debtors 2,907,733 3,308,401 2,706,320 Cash at bank and in hand 131,938 26,800 127,207 3,039,671 3,415,082 2,876,754 Creditors falling due within 1 year (8,512,704) | (2,493,869) (1,911,046) Net Current assets / Liabilities (2,473,033) 921,213 965,708 Total Assets Less current Liabilities 1,453,564 1,158,654 Creditors Amounts falling due after more than one …
Administrators' statement of proposals (2018-04-12) · Companies House register