# Amtec Ltd (03036386)

> Why UK company 03036386 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03036386

- **Status:** Administration ended
- **Administration began:** 2020-02-27
- **Administrators:** Richard Patrick Brewer, Alexander Kinninmonth, Matthew Richard Meadley Wild
- **Administrators' firm:** RSM
- **Formerly:** AIR Movement Technology Limited; Accolade Contracts Limited
- **Incorporated:** 1995-03-22
- **Location:** Tollgate
- **Industry:** 25990 Manufacture of other fabricated metal products n.e.c.

## Why it went into administration

- Creditor pressure / legal action
- Property / lease costs

## From the administrators' statement

Relevant extracts from the Company's draft financial statements and management accounts are summarised below:

Turnover 2.885 2.623 635 Fixed Assets 139 114 122

Cost of Safes 2,256 2.329 412 Gross profitiloss) 629 294 223 Current Assets Gross margin 218% 11.2% 35.1% Stock & WIP - - 257 Employee costs 117 431 32 Debtors 959 936 746 Rent & property costs 129 135 55 Cash at bank 178 20 31 Vehicle costs 23 20 4 Other assets - - 26 Legal and professional 10 14 9 1.137 956 1.060 Other overheads 127 128 4 Total overheads 406 428 101 Current Liabilities EBITDA/(LBITOA} 223 (434) 122 HP and finance jeases 22 22 26 Depreciation 41 8 NIA‘ Trade creditors 499 300 271 A-nortisation . . NIA‘ Corporation tax 47 1 Non-operating income 7 7 Other taxes & social security 20 43 43 Finance costs 7 15 VAT . 86 106 146 (LBTVEBT 215 (150) 422 Other creditors 17 248 41g Accruals and deferred 13 4 18 704 734 921 Net current assets 433 225 139 Non-current liabilities 55 28 15 Net assets 516 311 245

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03036386/filing-history/MzI2NDY4MTk1MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03036386

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