Fletcher Electricals Limited (06718508): administration
- Status
- Administration ended
- Administration began
- 2015-03-31
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Incorporated
- 2008-10-08
- Location
- Gosforth
- Industry
- 43210 Electrical installation
Why it went into administration
- Cash flow / liquidity pressure
- Bad debts / customer insolvency
- Sustained trading losses
- Parent or group failure
From the administrators' statement
Relevant extracts from the company’s audited financial statements and management accounts are summarised below
Year ended 30 June Year ended 30 June 2013
Profit and loss account Turnover 2,195,829 2,655,330 Cost of sales (1,841,586) (3,274,287) Gross profit 354,243 (618,957) Admunistrative expenses (343,045) (337,640) Other operating income 803,075 : Operating profit/(loss) 814,273 (956,597) Attributable to. Operating profit/(loss) before exceptional items 11,198 (956,597) Exceptional 1tems 803,075 - 814,273 (956,597) Interest payable and similar charges (6,342) (6,692) Profit/(loss) on ordinary activities before taxation 807,931 (963,289) Tax on profit/(loss) on ordinary activities - 800 Profit/(loss) for the financial year 807,931 (962,489)
Administrators' statement of proposals (2015-06-09) · Companies House register