Mowlem and Company (Newcastle) Limited (03678239): administration
- Status
- Administration ended
- Administration began
- 2018-05-11
- Administrators
- Matthew James Higgins, Steven Phillip Ross
- Administrators' firm
- RSM
- Incorporated
- 1998-12-03
- Location
- Newcastle upon Tyne
- Industry
- 31020 Manufacture of kitchen furniture
Why it went into administration
- Property / lease costs
From the administrators' statement
Relevant extracts from the Company's unaudited financial statements are summarised below.
PROFIT AND LOSS “| ‘Year end 31 Year end st] Abbreviated | December 2016 | December 2015 accounts for Year end 31 a December 2014 7 a Turnover - 2,691,829 2,827,713 ~] Cost of sales (1,366,226) (1,760,979) Gross Profit 1,325,603 1,066,734 7 a (858,107) Other operating income 4,464 7,818 Operating Proft/(Loss) | 208,268| 216,481 / Interest payable + (1 aT (-) (Loss) / Profit before tax 208,287 216,451 Tax {- (61,155) | (13,955) | Profit / (Loss) after tax 147,132 202,496 L . | BALANCE SHEET Fixed Assets Intangible assets Tangible assets
166,357 Current Assets 809,867 902,289 1,076,911 Current creditors (791,880) (821,022) (950,004) Net Current Assets / 17,987 81,267 126,907 (Liabilities)
Administrators' statement of proposals (2018-08-01) · Companies House register