Techspray Limited (06892949): administration
- Status
- Administration ended
- Administration began
- 2013-05-07
- Incorporated
- 2009-04-30
- Location
- Rotherham
- Industry
- 32990 Other manufacturing n.e.c.
From the administrators' statement
The director states that the company was trading reasonably soundly until the end of 2012 However, early in 2013 the company’s principal customer, which owed the company £80,000, refused to pay this sum without offering any adequate explanation and at the same time diverted its business away from the company, again without giving any reasons as to why. The loss of business and the failure of the customer to pay its debt starved the company of much needed cash which forced the director to seek an insolvency solution for the business A summary of the Company’s recent financial statements is shown below
Statutory Accts Statutory Accts y/e30Sep11 y/e 30 Sep 10
Fixed assets 61,685 8,210 Current assets 145,143 151,677 Current liabilities (98,635) (107,379) Long term liabilities (-) () Shareholders funds 108,193 52,508
Administrators' statement of proposals (2013-07-04) · Companies House register