The Entitlements Agency Ltd (06507069): administration
- Status
- Administration ended
- Administration began
- 2017-04-07
- Administrators' firm
- Insolvency Practitioners Direct
- Incorporated
- 2008-02-18
- Location
- Stoke on Trent
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Draft Filed Accounts Accounts £000's £000's £000’s £000's Period ended 30 June 2016 30June 2015 30June 2014 28 February (15 months) 2013 Turnover 1,437 979 5,475 6,588 Gross profit 680 441 1,008 1,142 Net profit/(loss) 572 341 (209) 474 Fixed assets 235 239 282 368 Current assets 894 576 148 728 Current liabilities (404) (662) (580) (1,055) Revenue reserves 725 163 (166) 40 Shareholders’ funds 725 153 (166) 40 Dividends paid Nil Nil Nil Nil Date of directors’ approvai of filed accounts 31 March 27 February 29 November
2016 2015 2013 2.6 It should be noted that the draft accounts at 30 June 2016 have not yet been finalised. Whilst trading records have been maintained to some degree since June 2016, these are not complete and have not been included in this report as they are considered to be inaccurate to date.
27 Prior to the commencement of the Administration ipd had not acted as advisors to the Board or the Company. An initial meeting was held with the director on 4 April 2017 in respect of the potential winding-up petition action from HMRC. Formal instructions were received from the Company on 6 April 2017. No advice was given to the individual directors regarding the impact of the insolvency of the company on their personal financial affairs. As required by the Insolvency Code of Ethics, | considered the various threats to my objectivity arising from this prior involvement. | concluded that those threats were non-existent and that | could act objectively and hence could be appointed Administrator of the Company.
Administrators' statement of proposals (2017-06-08) · Companies House register