Scorpion Engineering Construction Limited (01180177): administration
- Status
- Administration ended
- Administration began
- 2019-03-18
- Administrators' firm
- RSM
- Formerly
- Scorpion Engineering Construction (Reading) Limited
- Incorporated
- 1974-08-08
- Location
- Guildford
- Industry
- 41201 Construction of commercial buildings
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised below Please note that the management accounts are in draft form and may contain material inaccuracies
Audited Audited Mgmt accounts Year End Year Ended Period Ended 31/12/2016 31/12/2017 30/09/2018 Profit and Loss account extracts: Turnover 5,757,265 8,500,227 3,536,036 Gross profit 863,126 1,374,639 643,397 Group operating profit / {loss} {321,809} (17,047) 765,130 Profit/{loss} before tax (320,734) 130,086 {194,281} Net profit/(loss) (322,874) 121,314 n/a Balance Sheet extracts: Directors Emotuments 156,721 2,648 n/k Net assets / (liabilities) 328,093 449,407 253,516 Revaluation reserve 142,568 Profit and toss account 255,768 234,514 181,191 3 Estimated statement of financial position
The directors have not yet lodged a Statement of Affairs with the Joint Administrator and are currently in the process of drafting the document from records Accordingly pursuant to the relevant legislation we attach an Estimated Statement of the Financial Position of the Company as at 18 March 2019 as
Administrators' statement of proposals (2019-05-15) · Companies House register