# MGM Precision Limited (06795527)

> Why UK company 06795527 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/06795527

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/06795527/filing-history/MzE1MzIyMjAxNGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/06795527

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