Sandcroft Avenue Limited (06849691): administration
- Status
- Administration ended
- Administration began
- 2022-05-06
- Administrators
- Nicholas John Edwards, Graham Paul Bushby
- Administrators' firm
- RSM
- Incorporated
- 2009-03-17
- Location
- Manchester
- Industry
- 93199 Other sports activities
Why it went into administration
- COVID-19
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Sustained trading losses
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below.
Tumover 7,010 3,044 1,286 Cost of Sales (2,600) (856) (408) Gross profit 4,410 2,188 878 Gross profit % 63% 72% 68% Marketing (5,946) (3,247) (802) Other Admin (3,322) (2,852) (2,239) Operating profit (4,858) (3,911) (2,163) Interest payable (120) (254) (95) R&D/grants 142 483 499 Pre-exceptional profit (4,836) (3,682) (1,759) Exceptional items
Profit before tax (4,836) (3,682) (1,759)
Administrators' statement of proposals (2022-05-18) · Companies House register