Megahertz Broadcast Systems Limited (07206471): administration
- Status
- Administration ended
- Administration began
- 2013-10-14
- Administrators' firm
- Baker Tilly Restructuring and Recovery
- Formerly
- Motivating Solutions Limited
- Incorporated
- 2010-03-29
- Location
- Leeds
- Industry
- 26309 Manufacture of communication equipment other than telegraph, and telephone apparatus and equipment
Why it went into administration
- HMRC / tax arrears
- Creditor pressure / legal action
From the administrators' statement
Relevant extracts from the Company’s audited financial statements and management accounts are summarised below
Draft Accounts Filed Accounts Filed Accounts for for y/e 31/12/11 from 09/09/10 to yle 31/12/12 31/12/10 Turnover eeoT 9,794,401 2,559,236 Loss for the (1,092,176) (790,867) (3,362) | year/period _ Fixed assets 774,651 937,865 1,074,964 Current assets 8,768,568 4,899,393 1,388,916 Current liabilities (11,429,524) (6,631,387) (2,466,965) Long Term liabilities - : - Net assets (1,886,305) (794,129) (3,262) i + ao Shareholders’ funds _1,886,305) (794,129) (3,262)
3. ESTIMATED STATEMENT OF FINANCIAL POSITION
Administrators' statement of proposals (2013-11-28) · Companies House register