# Croydon Realisations Limited (02946968)

> Why UK company 02946968 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/02946968

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/02946968/filing-history/MzA0NzE4ODY3NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/02946968

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