Renegade Sports Group Limited (04278331): administration
- Status
- Administration ended
- Administration began
- 2016-12-22
- Administrators
- Julien Robert Irving, Andrew Poxon
- Administrators' firm
- Leonard Curtis
- Incorporated
- 2001-08-29
- Location
- Manchester
- Industry
- 46900 Non-specialised wholesale trade
Why it went into administration
- HMRC / tax arrears
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Over-expansion / investment not recovered
From the administrators' statement
Growth of the Company has historically been achieved through a focused approach to expanding the business In 2014, as part of an intended expansion strategy, the Company appointed a new Managing Director
Following the appointment of the Managing Director, the Company won a substantial contract to supply CDs and DVDs to a nationwide motorway service and hotel chain (‘the Principal Customer’) The contract had the effect of increasing the Company's turnover by approximately 209% from £472k in the year ended 31 December 2014 to £1 45m in the year ended 31 December 2015
The Company's most recent statutory accounts show that It has recorded profits after tax of £23k and £52k in the years ended 31 December 2014 and 31 December 2015 respectively Management accounts have not been prepared during the year to date
Administrators' statement of proposals (2017-02-09) · Companies House register