Hotcha Limited (07564085): administration
- Status
- Administration ended
- Administration began
- 2017-10-18
- Administrators
- Arron Simon Kendall, Richard Keley
- Administrators' firm
- Moorfields
- Formerly
- HOT CHA (Bristol) Ltd
- Incorporated
- 2011-03-15
- Location
- London
- Industry
- 10890 Manufacture of other food products n.e.c.
Why it went into administration
- HMRC / tax arrears
- Over-expansion / investment not recovered
- Cash flow / liquidity pressure
- Sustained trading losses
- Management failings / irregularities
From the administrators' statement
A summary of HL's recent trading performance is shown below.
Management Statutory Statutory Year to June 1 April 15 to 1 April 14 to 2017 31 December 16 31 March 15 £7000 £'000 £7000 Turnover 3,951 4,482 4,071 Cost of Sales (1,157) (1,606) (863) Gross Profit 2,794 2,876 3,207 Overheads / Other (2,772) (3,361) (3,211) Interest (90) (93) (25) Net Profit/Loss after tax (1,119) (578) (27)
It should be noted that the draft statutory and management accounts have not been verified for accuracy and therefore may not reflect the Company's true trading position. No accounts or management accounts have been prepared for HGL.
Administrators' statement of proposals (2017-12-21) · Companies House register