# Andaro Limited (05054001)

> Why UK company 05054001 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/05054001

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/05054001/filing-history/MzI0ODQ5MjgzNmFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/05054001

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