EMS Realisations Limited (05387709): administration
- Status
- Administration ended
- Administration began
- 2018-07-23
- Administrators' firm
- KRE Corporate Recovery
- Formerly
- Express Managed Services Limited; Express IT Computers Limited
- Incorporated
- 2005-03-10
- Location
- Newcastle upon Tyne
- Industry
- 62030 Computer facilities management activities
Why it went into administration
- Loss of a key customer, supplier or contract
- Competition / price pressure
- Bad debts / customer insolvency
- Sustained trading losses
From the administrators' statement
The Company commenced trading in 2005 selling computers from 4 retail outlets in the North East of England. In 2006, under the supervision of the present director, the Company gradually moved into supplying computer hardware and providing maintenance to businesses. Also in 2006 the Company began installing data cables into one major customer. The work at the major customer continued to develop and, in addition to the data cable work, the Company also undertook a variety of electrical installation and maintenance work at the major customer.
Asummary of the Company’s recent trading performance is shown below.
DRAFT Mgmt Accts Statutory Accts Statutory Accts 1 April 2017 to 31 1 April 2016 to 31 1 April 2015 to 31 March 2018 March 2017 March 2016 £7000 £7000 £000 Turnover 1,326 1,406 1,680 Cost of Sales (629) (655) (871) Gross Profit 697 751 809 Gross Profit % 52.6 53.4 48.2 Overheads 812 687 709) Net Profit/Loss after tax 116 64 100
Administrators' statement of proposals (2018-08-09) · Companies House register