G.H. Martin & SON Limited (04094703): administration
- Status
- Administration ended
- Administration began
- 2012-02-08
- Administrators' firm
- Mazars
- Incorporated
- 2000-10-23
- Location
- Bristol
- Industry
- 49410 Freight transport by road
Why it went into administration
- HMRC / tax arrears
- Sustained trading losses
From the administrators' statement
The company was incorporated and registered at Companies House on 23 October 2000, when it acquired the busimess and assets of GH Martin & Son, a family run haulage busimess originally established in 1934,
The company’s annual turnover amounted to approximately £1 89m in the year ended 31 March 2009, and the company achieved a net profit, before tax, in the sum of £38,565 The company’s turnover decreased to £1.64m the following year, resulting in a loss, before tax, in the sum of £48,260
During the year from 1 April 2010 to 31 March 2011, a loss before tax totalling £111,139 was recorded against annual turnover in the sum of £] 52m Additionally during the year, the company had fallen behind with payments to HM Revenue & Customs (“HMRC”) in respect of VAT, PAYE and NIC, and had, therefore, accrued significant Crown liabilities totalling approximately £91,000 by Apri] 2011
Administrators' statement of proposals (2012-04-05) · Companies House register