W.T.B Construction Limited (03571870): administration
- Status
- Administration ended
- Administration began
- 2015-03-26
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 1998-05-28
- Location
- Leicester
- Industry
- 41100 Development of building projects
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Loss-making contracts / project overruns
From the administrators' statement
Relevant extracts from the Company’s unaudited financial statements and management accounts are summarised below
Profit and Loss Account 12 month 15 month 3 month period period to 30 period to 30 to 31 December September September 2014 2014 2013 (Management) (Draft) (Unaudited)
Turnover 445,965 1,172,432 2,400,561 Cost of sales (222,986) (506,420) (1,382,149) Gross profit 222,979 666,012 1,018,412 Other income - 6,257 9,286 Admunistration costs (167,322) (698,820) (966,219) Finance costs (4,899) (17,903) (13,069) Depreciation (3,803) (20,936) (38,609) Profit / (loss) on sale of fixed assets 7AT9 (3,438) (5,079) Net Profit / (loss) 54,134 (68,828) 4,722 Tax refund / (paid) - 5,580 G,953) Profit / (loss) after tax 54,134 (63,248) 769 Balance Sheet At31 At 30 At 30 December September September 2014 2014 2013 (Management) (Draft) (Unaudited)
Administrators' statement of proposals (2015-05-20) · Companies House register