L.M.S. Realisations Limited (04810478): administration
- Status
- Administration ended
- Administration began
- 2011-04-12
- Administrators' firm
- Begbies Traynor
- Formerly
- L.M.S. Projects Limited
- Incorporated
- 2003-06-25
- Location
- Manchester
- Industry
- 4531
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
LMS Realisatons Limited formerly LMS Projects Limited [the Company] was incorporated on 25 June 2003 and commenced trading at that tme The Company was founded in order to satisfy the demand in the UK home automation and control market
The Company undertook the design, supply and installation of home automation and control systems in the UK market mainly to domestic homes Projects undertaken by the Company included the design, supply and installation of home cinema systems and/or integrated control of heating, light, audio, visual and electrical Items
The Company had always traded profitably and enjoyed a particular successful year in 2008 when turnover exceeded £15 million which was an increase of some 85% on the previous year However, in 2009 the Company's turnover reduced significantly which had an enormous impact on the Company's cashflow This resulted in the Company being in a position whereby it was experiencing problems discharging its overheads together with the PAYE/NIC and VAT liability
Administrators' statement of proposals (2011-06-09) · Companies House register