Contact Transport Limited (01478943): administration
- Status
- In administration
- Administration began
- 2017-04-20
- Administrators
- James Woodhead, Guy Edward Brooke Mander
- Administrators' firm
- RSM
- Formerly
- Contact E F T Limited; Contact Transport Services Limited; Contact Courier & Transport Services Limited; Contact Couriers Limited
- Incorporated
- 1980-02-13
- Location
- Birmingham
- Industry
- 49410 Freight transport by road
Why it went into administration
- Creditor pressure / legal action
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company's audited financial statements and management accounts are summarised on the following page. Management Audited Audited
end
Profit & Loss Period ing Year ending 30 Year ending 30 Feb 17 June 2015 June 2014 Turnover 13,979,148 18,554,052 12,790,437 Cost of sales (12,454,652) (16,732,747) (11,407,667) Gross profit 1,524,496 1,821,305 1,382,770 Profit before tax (105,559) 1,014,313 119,075 Profit for the year (105,559) 929,021 75,426 Management Audited Audited Balance Sheet Period ending Year ending 30 Year ending 30 Feb 17 June 2015 June 2014 Fixed assets Tangible assets 245,417 342,892 274,394 investments 6,873 6,873 6,873 Gurrent encets Long term debtors 2,056,890 2,007,890 1,962,890 Current debtors 4,037,062 3,902,298 3,326,066 Cash at bank (2,297) 44,959 1,688 Current liabitities (4,277,941) (4,156,563) (3,739,382) Assets less current 2,066,004 2,148,349 1,832,529 Habilities Long term liabilities (208,331) (381,474) (990,897) Deferred tax (12,150) (12,150) (15,928) Net assets 1,845,523 1,754,725 825,704
Administrators' statement of proposals (2017-05-24) · Companies House register