Redstone Associates Limited (06274225): administration and why it failed

Redstone Associates Limited (06274225): administration

Status: Administration ended
Administration began: 2022-12-21
Administrators: James Miller, Gareth Harris
Administrators' firm: RSM
Incorporated: 2007-06-08
Location: Leeds
Industry: 78109 Other activities of employment placement agencies

Why it went into administration

COVID-19
Sustained trading losses
Rising costs / inflation

From the administrators' statement

Relevant extracts from the company’s financial statements are summarised below

14 months ended 29 February 2020

12 months ended 31 December 2021

Administrators' statement of proposals (2023-02-22) · Companies House register

Dig into any UK company's accounts

Search a company to fetch every set of accounts it has filed at Companies House, from incorporation to the latest filing. Tagged (iXBRL) accounts are read directly. Older scanned PDF accounts are read with OCR (optical character recognition).

Profit & loss: revenue, margins and profit, year by year
Balance sheet: assets, liabilities, working capital and net assets
Cash flow: operating, investing and financing flows and free cash flow
Groups: consolidated figures are used when a group files group accounts

Redstone Associates Limited (06274225): administration

Why it went into administration

From the administrators' statement

Processing now

Recently viewed & analysed

Redstone Associates Limited (06274225)