One-Chem Limited (07113876): administration
- Status
- Administration ended
- Administration began
- 2011-07-28
- Administrators
- Patrick B Ellward, Dilip K Dattani
- Administrators' firm
- RSM
- Formerly
- Onechem Limited
- Incorporated
- 2009-12-30
- Location
- Leicester
- Industry
- 2451
From the administrators' statement
One-Chem Limited (“OC”) was created in 2009 in order to develop a new product and brand As thts was funded by Flush - It Limited (“FI’) the sister company, the Directors considered that the Intellectual Property was owned by Fl OC sold a range of chemical products for caravan toilets to a range of retailers But due to the start up costs incurred by the Company, they were not able to trade profitably
A summary of the Company's recent balance sheet ts shown below
Management Accounts As at 9 May 2011 £000 Trade Debtors Cash 35,995 LTCF (33,041) Trade Creditors (149,164) Other tax and social security (12,132) VAT (1,965) Directors Loans (132,294) Loan Shareholder (68,000) Total Creditors (386,586) Net Assets (350,591) Share Capital 100 Reserves (350,691) (350,591)
Administrators' statement of proposals (2011-09-20) · Companies House register