Heathcote Realisations Limited (03913888): administration
- Status
- Administration ended
- Administration began
- 2018-05-04
- Formerly
- SMT Developments Limited
- Incorporated
- 2000-01-26
- Location
- Liverpool
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Bad debts / customer insolvency
From the administrators' statement
The Company was incorporated on 26 January 2000 and was an electronics manufacturer servicing customers in the UK. In particular, the Company provided printed circuit boards and full product assemblies depending upon customer requirements.
Despite reporting profits for a number consecutive financial periods, the Company reported a loss of £398,008 during the year ended 31 July 2017.
This loss was underpinned by a decrease in revenue of £1.0 million (28%) against the prior year. The decrease in revenue was attributable to a loss of orders from two customers during August 2016 and March 2017 respectively. A bad debt in relation to another customer during March 2017 also had an adverse impact on financial performance.
Administrators' statement of proposals (2018-07-09) · Companies House register