Croydon Realisations Limited (02946968): administration
- Status
- Administration ended
- Administration began
- 2011-09-19
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Stonewest Limited; 3016TH Single Member Shelf Trading Company Limited
- Incorporated
- 1994-07-08
- Location
- Guildford
- Industry
- 4525
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below:
Profit and Loss Account Year Ended Year Ended 315.10 31.5.09 Turnover 12,548,398 18,621,260 Cost of Sales (10,541,327) (16,241,630) Gross Profit 2,007,071 2,379,630 Administrative Expenses (2,304,039) (2,046,196) Operating Profit (296,968) 333,434 Interest and Charges (96,754) (109,052) Profit Before Tax (310,201) 224,382 Balance Sheet 31510 315.09 Fixed Assets 148,267 203,009 Current Assets 8,450,872 8,787,280 Amounts Due Within One Year (7,763,876) (7,698,565) Net Current Assets 686,996 1,088,715 Amounts Due After One Year (94,054) (77,404) Net Assets 741,209 1,214,320 Called Up Share Capital 295,000 295,000 Profit and Loss Account 446,209 919,320 Shareholders’ Funds 741,209 1,214,320
Administrators' statement of proposals (2011-11-15) · Companies House register