West Norfolk Surfacing Co. Limited (03223509): administration
- Status
- Administration ended
- Administration began
- 2011-05-27
- Administrators
- Nigel Millar, Adrian David Allen
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 1996-07-11
- Location
- Peterborough
- Industry
- 4523
Why it went into administration
- HMRC / tax arrears
- Loss of a key customer, supplier or contract
- Loss-making contracts / project overruns
- Rising costs / inflation
- Creditor pressure / legal action
- Property / lease costs
- Weather / natural events
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below
Profit and Loss Account 9 months 7 months 12 months 31/03/2011 31/05/2010 31/10/2009 (Unaudited) (Unaudited) (Audited) £°000 £7000 £000 Turnover 3,505 2,476 4,064 Gross Profit 206 294 395 Profit/((Loss) for period / year (358) 42 (17) Balance sheet 31/03/2011 31/05/2010 31/10/2009 (Unaudited) (Unaudited) (Audited) £000 £7000 £000 Fixed assets 308 379 412 Current assets 763 909 901 Current habtlities (1,360) (1,217) (1,264) Net current assets (289) 71 49 Long term liabilities 1) (23) (19) Provisions (23) (23) (22) (343) 25 8 Represented by Called up share capital 1 1 1 Profit and loss account 24 24 7 Current period loss (368) : : (343) 25 8
Administrators' statement of proposals (2011-07-25) · Companies House register