MGM Precision Limited (06795527): administration
- Status
- Administration ended
- Administration began
- 2016-05-16
- Administrators' firm
- RSM
- Formerly
- Sandco 1111 Limited
- Incorporated
- 2009-01-20
- Location
- Newcastle upon Tyne
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
Relevant extracts from the Company's unaudited financial statements are summarised below
Year ended Year ended 30 30 November November 2014 2013 TURNOVER 6,360,454 3,156,443 Cost of sales (3,586,426) (1,568,045) GROSS PROFIT 2,774,028 1,588,398 Distnbution costs (56,667) (61,771) Administrative expenses (2,504,255) (1,406,639) Other operating income - 7,000 OPERATING PROFIT 213,106 126,988 Interest payable and similar charges (99,177) (42,544) PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 113,929 84,444 Tax on profit on ordinary activities (25,000) (30,000) PROFIT FOR THE FINANCIAL YEAR 88,929 54,444
4.3
Administrators' statement of proposals (2016-07-19) · Companies House register