# Impact Safety Glass Limited (05040735)

> Why UK company 05040735 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05040735

- **Status:** Administration ended
- **Administration began:** 2014-10-16
- **Administrators:** Christopher Ratten, Jeremy Nigel Ian Woodside
- **Administrators' firm:** CG&Co
- **Incorporated:** 2004-02-11
- **Location:** Manchester
- **Industry:** 23120 Shaping and processing of flat glass

## Why it went into administration

- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Sustained trading losses
- Competition / price pressure

## From the administrators' statement

Relevant extracts from the company’s audited financial statements and management accounts are summarised below

Profit & Loss Account

Year End Year End 31 March 31 March 2013 2012 Turnover 4,122,433 4,306,919 Cost of Sales (3,136,516) (3,386,267) Gross Profit 985,917 920,652 Admunistrative Expenses (965,583) (950,905) Other Income - - Operating Profit/(Loss) 20,348 (30,253) Interest payable & similar charges (9,678) (12,283) Loss on asset disposal - - Profit/(Loss) on Ordinary activities before taxation 10,670 (42,473) Tax on profit/(loss) on Ordinary activities (6,943) 1,969 Profit/(Loss) for the year 3,727 (40,504) Directors’ Remuneration 15,238 14,950 Dividends 33,993 10,000

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05040735/filing-history/MzExMzcwMzczMGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05040735

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.