# Mowlem and Company (Newcastle) Limited (03678239)

> Why UK company 03678239 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/03678239

- **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)

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/03678239/filing-history/MzIxMTE3Njg1OWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/03678239

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