T.M.C. Ltd (02146296): administration
- Status
- Administration ended
- Administration began
- 2012-07-10
- Administrators
- Lindsey J Cooper, Adrian David Allen
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 1987-07-13
- Location
- Leeds
- Industry
- 9305
Why it went into administration
- Sustained trading losses
- Cash flow / liquidity pressure
- Loss of key people
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summansed below
Profit and Loss
Management Financial Financial Accounts to year to year to 28 28 28 February February February 2012 2011 2010 Turnover 3,806,321 2,617,740 2,620,155 Cost of Sales (3,408,679) (1,651,972) (1,613,475) _ Gross Profit 397,642 965,768 1,006,680 Administrative Expenses (357,396) (924,667) (983,580) Operating Profit/(Loss) 40,246 41,101 23,100 Interest receivable and similar income - 158 179 Interest payable and - (15,368) (6,997) sumilar charges Profit/(Loss) Before tax 40,246 25,891 16,282 Tax (10,062) (5,775) (4,697) Profit/(Loss) for the year 30,184 20,116 11,585 Reserves Profit and Capital Loss Redemption Account Reserve Totals At March 2010 300,981 7,840 308,821 Profit for the year 20,116 20,116 Dividends (54,594) (54,594) At February 2011 266,503 7,840 274,343
Administrators' statement of proposals (2012-09-06) · Companies House register