Mtag Composites Limited (04383410): administration
- Status
- Administration ended
- Administration began
- 2024-07-12
- Administrators
- Gareth Harris, Tyrone Courtman
- Administrators' firm
- RSM
- Incorporated
- 2002-02-27
- Location
- Enderby
- Industry
- 22290 Manufacture of other plastic products
Why it went into administration
- Competition / price pressure
- Cash flow / liquidity pressure
- Loss of a key customer, supplier or contract
From the administrators' statement
Relevant extracts from the Company's financial statements and management accounts are summarised below.
Period ending 31 March 2022 | 31 March 2021 Turnover 6,205,469 4,977,728 Gross profit 1,049,566 1,073,229 Net profit / loss 321,589 1,186,274 Dividend paid 300,000 1,088,000
Administrators' statement of proposals (2024-09-10) · Companies House register