Direct Forest Products Limited (04815260): administration
- Status
- Administration ended
- Administration began
- 2013-07-25
- Administrators
- Steven M Law, Nigel Millar
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2003-06-30
- Location
- Bury St Edmunds
- Industry
- 96090 Other service activities n.e.c.
Why it went into administration
- Creditor pressure / legal action
- Sustained trading losses
From the administrators' statement
Relevant extracts from the company’s annual financial statements and management accounts are summansed below
Management Management Yearended Year ended Accounts for 3 Accounts Year 31/07/2011 31/07/2010
months ended ended £ £ 31/10/2012 31/07/2012 Date of auditors’ report NIA NIA N/A NWA Turnover 659,778 2,975,681 4,084,189 6,082,499 Gross profit 114,185 681,654 742,753 960,300 Operating profit/(Loss) (116,256) (347,699) 62,065 291,007 Profit/(loss) before (116,252) (316,328) 50,958 280,344 taxation Directors’ remuneration 3,000 12,617 11,784 18,434 Shareholders’ funds 236,500 393,809 773,681 819,920 Dividends paid 21,000 80,500 82,000 158,294 Reserves carried forward (157,309) (379,873) 773,581 819,820 3. ESTIMATED STATEMENT OF FINANCIAL POSITION
Administrators' statement of proposals (2013-09-20) · Companies House register