# PVC Recycling Limited (06286595)

> Why UK company 06286595 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06286595

- **Status:** Administration ended
- **Administration began:** 2014-09-23
- **Administrators:** Lindsey J Cooper, Jeremy Nigel Ian Woodside
- **Administrators' firm:** Baker Tilly Restructuring and Recovery
- **Incorporated:** 2007-06-20
- **Location:** Manchester
- **Industry:** 22290 Manufacture of other plastic products

## Why it went into administration

- Cash flow / liquidity pressure
- Competition / price pressure

## From the administrators' statement

Relevant extracts from the company’s audited financial statements and management accounts are summarised below.

Abbreviated Statutory Accts Statutory Accts Statutory Accts Period ended Period ended Period ended 30 June 2013 30 June 2012 30 June 201! Profit and Loss Account Tumover 1,872,923 815,491 Cost of Sales (1,072,571) (484,689) Gross Profit / (Loss) 500 352 330,802 Admuustnve Expenses (370,409) (327,487) Exceptinal admunsstrative expenses (36,803) - Other Operating Income 12,500 (407,212) (314,987) Operating Profit/loss 93,140 15,815 Interest recervable Interest Payable (39,467) (32,599) Loss for Fmaneral Year 53,673 (16,784) Tax on profit/(loss) on ordmary activities 51,807 - Net Profit/(Loss) after tax 105 480 16,784) Balance Sheet Fixed Assets Intangible Assets 357,375 152,227 15,480 Tangible Assets 859,507 793,716 684,012 1,216,882 945,943 699,492 Current Assets Stock 41,143 87534 89,980 Debtors 114,470 183 181 12,018 Cash at bank and m hand 5,184 1475 17 160 797 272,190 102,015 Creditors falling due within 1 year (749 221) (590 085) (431,157) Net Current Liabilities (588,424) (317,895) (329,142) Total Assets Less current Liabilities 628,458 628,048 370,350 Creditors falling after more than | year (168 873) (274 581) (123,474) Provision for liatility (61,222) - - Net …

3. ESTIMATED STATEMENT OF FINANCIAL POSITION

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06286595/filing-history/MzExMTcxMDI4N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06286595

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