# Scorpion Engineering Construction Limited (01180177)

> Why UK company 01180177 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/01180177

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/01180177/filing-history/MzIzNDQ1MzIxMmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/01180177

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