Laser Shapes (UK) Ltd (05592025): administration
- Status
- Administration ended
- Administration began
- 2017-04-27
- Administrators' firm
- RSM
- Incorporated
- 2005-10-13
- Location
- Manchester
- Industry
- 25990 Manufacture of other fabricated metal products n.e.c.
Why it went into administration
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Creditor pressure / legal action
- Property / lease costs
- Loss of a key customer, supplier or contract
- Competition / price pressure
From the administrators' statement
Relevant extracts from the Company’s unaudited financial statements and management accounts are summarised below.
Year Ending Year Ending Year Ending 30 30 30 November November November 2015 2014 2013 Turnover 4,246,437 3,903,538 3,307,142 Cost of Sales (2,970,520) (2,693,665) (2,315,359) Gross Profit 1,275,917 1,209,873 991,783 Distribution Costs (12,385) (7,025) 1,611 Administrative Expenses (1,259,531) (1,069,034) (924,625) Other Income 113,818 151,184 136,842 Operating Profit 117,819 284,998 205,620 Restructuring (25,164) 0) ie] Other exceptional items 0 (132,854) 0 Interest payable & similar charges (114,086) (84,518) (64,996) Profit/(Loss) on Ordinary activities before taxation (7,897) 134,593 140,624 Tax on profit/(loss) on Ordinary activities 11,571 10,045 (16,598)
Profit/(Loss) for the year 3,674 119,680 124,026 Fixed Assets
Administrators' statement of proposals (2017-05-22) · Companies House register