From the administrators' statement

The Company commenced trading in March 2010. Since commencement, the Company has largely traded profitably. At its last financial year end (31 October 2015 (Unaudited)), the Company reported a modest Profit Before Taxation of £61,702

Over the last several months, the Company has encountered trading difficulties due to the loss of its Quantity Surveyor which resulted in a loss of orders Additionally, the Company's books and records were not maintained correctly which resulted in a significant liability with HMRC not being identified.

The Company fell behind with payment of their VAT for several quarters between March 2015 and June 2016 and interest and surcharges were applied in respect of PAYE/NIC and CIS liabilities for underpayment

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Nationwide Decorators Limited (07173955)

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