# Three Nations (Northern) Limited (02505542)

> Why UK company 02505542 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02505542

- **Status:** Administration ended
- **Administration began:** 2011-09-26
- **Administrators' firm:** Leonard Curtis
- **Formerly:** Total Cellar Systems Limited; Scotsman Response Limited; Total Cellar Systems Limited
- **Incorporated:** 1990-05-24
- **Location:** Manchester
- **Industry:** 9305

## Why it went into administration

- Competition / price pressure
- Energy costs
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Loss of a key customer, supplier or contract
- Property / lease costs

## From the administrators' statement

Relevant extracts from the Company’s unaudited financial statements and management accounts are summarised below.

Management Draft Accounts Unaudited Accounts for for Accounts for period ended year ended year ended 26/09/11 31/12/10 31/12/09 Turnover 1,710,162 6,445,056 5,322,662 Cost of Sales 1,012,915 3,694,187 3,022,317 Gross Profit 697,247 2,750,869 2,300,345 Admin Expenses Other operating income 1,111,498 2,314,816 2,674,431 Operating Profit/(Loss) (414,251) 436,053 (374,086) Interest payable 19,002) 17,798 20,951 Profit / (Loss) before Tax (433,253) 418,255 (395,037) Tax on profit/(loss) Nil 1,861 Nil Profit/(Loss) for year (433,253) 420,116 (395,037) Fixed Assets 723,545 802,717 773,920 Current Assets 1,335,185 2,559,185 998,133 Total Assets 2,058,730 3,361,902 1,772,053 Current Liabilities (2,084,077) (2,657,362) (1,447,001) Non-Current Liabilities - - (40,630) Total Liabilities (2,084,077) (2,657,362) (1,487,631) Net Assets (25,347) 704,540 284,422 Share Capital* 90,000 85,000 85,000 Share Premium 4,119,000 4,119,000 4,119,000 P & L Reserve* (4,234,347) (3,499,460) (3,919,578) Shareholders’ Funds* (25,347) 704,540 284,422

• It should be noted that the share capital and shareholders’ funds as at 26 September 2011 do not reconcile to the draft accounts as at 31 December 2010. We assume that this is due to a discrepancy in the Company’s management accounts.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02505542/filing-history/MzA0NzU1MjYwOGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02505542

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