Lynx Fishing Ltd (07054422): administration
- Status
- Administration ended
- Administration began
- 2014-11-07
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Salamander Tackle Ltd.
- Incorporated
- 2009-10-22
- Location
- Newcastle upon Tyne
- Industry
- 32300 Manufacture of sports goods
Why it went into administration
- Cash flow / liquidity pressure
From the administrators' statement
Relevant extracts from the company’s financial statements and management accounts are summarised below
Period ended 30 June Year ended 31
DRAFT Fixed Assets Tangible Assets 141,705 172,304 141,705 172,304 Current Assets Stocks 126,393 129,038 Debtors 17,641 86,586 Cash at bank and in hand 49,608 30,187 193,642 245,811 Creditors: Amounts falling due within one year (2,759,822) (80,502) Net Current Assets (2,566,180) 165,309 Total Assets Less Current Liabilities (2,424,475) 337,613 Creditors: Amounts falling due after more than one year - (2,481,816) (2,424,475) (2,144,203) Capital and Reserves Called-up equity share capital 100 100 Profit and loss account (2,424,575) (2,144,303) Shareholders Funds (2,424,475) (2,144,303)
Administrators' statement of proposals (2015-01-08) · Companies House register