Andaro Limited (05054001): administration
- Status
- Administration ended
- Administration began
- 2019-09-05
- Administrators
- Marco Piacquadio, Julie Anne Palmer
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-02-24
- Location
- Milton Keynes
- Industry
- 55100 Hotels and similar accommodation
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
- Cash flow / liquidity pressure
- Sustained trading losses
From the administrators' statement
The reasons for the Company’s insolvency
Whilst the Company appears to have traded successfully for a number of years, it was noted that the most profitable period was for the year ending 31 March 2012 when it generated profits totalling £53,610.00. Since this period turnover has declined which has affected the Company’s profitability. This is illustrated in the following extracts from the Company’s accounts:
YIE YIE YIE YIE YIE 31.03.2014 31.03.2015 31.03.2016 31.03.2017 31.03.2018 Fixed Assets
Administrators' statement of proposals (2019-11-04) · Companies House register