Snows Timber Limited (01549201): administration
- Status
- Administration ended
- Administration began
- 2019-11-18
- Administrators' firm
- RSM
- Formerly
- Bradfords Timber Supplies Limited; Bradfords Animal Feeds Limited; Bradfords Agriculture Limited
- Incorporated
- 1981-03-06
- Location
- London
- Industry
- 16100 Sawmilling and planing of wood
Why it went into administration
- Weather / natural events
- Sustained trading losses
- Funding withdrawn / unable to refinance
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company's financial statements and management accounts are summarised below.
Profit and Loss Statement
October 2079 Apri 2079 April 2018 April 2017 vo a O23 BS aytge se 74 38° 564 Cost cf Sales 6 258, 402 2} (13 230 378) (30,299,950) (30,196,778) Gross Profit 2 004,942 4052 380 $888 724 44.154.785 Expenses iz. 860, 748} (7 277 919) (12,805,084) (12.511,447) SPE Sr G Loss . fudé cee 2.940 37°C S56 odz: interest Payabe 133, 396} (4 108 629) (64,289) (49,308) Frofit{Loss; Betore Tax 18a¢ 202) (4,333 158} (2,979.880) 11: 405.970) Tax Retief (Paid) _.. ... (28,607) 4,656,099 ____ 3 322,307 - (3,075) “Profit(Loss) _ (917,809) 322,941 351,648 ~ (1,409,045) Balance Sheet October 20189 April 2019 April 2018 Aprit 2017 Med Assets + FEC OG0 4 S97 SoZ Current Assets 10,389,000 a 108,433 Curent Labities 2 740 000) ee 383° it? Liabilties oo _ (2,557 000) - 300) "e7788)_ _ Net Assets. oo 7 1,770,000 _ 6, 553, 000 sCs«éG 530,059 ~ Capital and Reserves Called up share capital 900,000 900 900 900,000 900,000 d1OSs aGV0u™ - 2 87009 (6830059 6 278 4" a 1.770,000 6.530,059 6.178.411
Administrators' statement of proposals (2020-01-16) · Companies House register